Updated Sep 18, 2026
Robert And Mitchell Kaplain Of K2 Real Estate Capital Acquire Industrial Asset In St. Cloud For $5.035M
1805 Tileston Road
$5,035,000
$496/SF
Building Size
10,140 SF
Asset Type
Industrial
Closing
Sep 14, 2026
About this deal
AI
The property asset involved in the transaction is an industrial space located at 1805 Tileston Road in the St. Cloud market. The sale price for this property was $5,035,000, encompassing a total square footage of 10,140, resulting in a price per square foot of $496.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,035,000
- Address: 1805 Tileston Road
- Market: St. Cloud
- Square Footage: 10,140
- Price Per Square Foot: $496
- Buyer: Robert Kaplain & Mitchell Kaplain - K2 Real Estate Capital
- Seller: David Lucey
- Brokers: Gregory Carett & Santiago Moscoso - Smith Commercial Property Group
The key individuals involved in the transaction include Robert Kaplain and Mitchell Kaplain, representing K2 Real Estate Capital as the buyers. David Lucey is identified as the seller, while Gregory Carett and Santiago Moscoso represented the transaction from Smith Commercial Property Group.
Players
Saint Cloud 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
3.15%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93