Mitchell Kaplain Of K2 Purchases Industrial Asset From Bob Tronio For $1.9M In Holiday
1340 Us Route 19
$1,900,000
$253/SF
Building Size
7,500 SF
Asset Type
Industrial
Closing
Jun 24, 2025
AI
The transaction involved an industrial property located at 1340 US Route 19 in the Holiday market. The property spans 7,500 square feet and occupies a lot of 2.75 acres. The sale was completed for a price of $1,900,000, which translates to a price per square foot of $253 and a price per lot acre of $690,909.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Address: 1340 US Route 19
- Market: Holiday
- Square Footage: 7,500
- Lot Acres: 2.75
- Price per Square Foot: $253
- Price per Lot Acre: $690,909
- Buyer: Mitchell Kaplain - K2
- Seller: Bob Tronio
- Buyer's Representative: Eli Sasson Bril - AXIOM Capital Advisors
- Seller's Representatives: Jose Sasson Lerner & Roberto Susi - AXIOM Capital Advisors
The deal was facilitated by AXIOM Capital Advisors, with Eli Sasson Bril representing the buyer and Jose Sasson Lerner alongside Roberto Susi representing the seller. Their expertise is demonstrated in sourcing and facilitating off-market transactions for clients in the sector.
Players
Holiday Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93