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1805 Tileston Road

Updated Sep 18, 2026

Robert And Mitchell Kaplain Of K2 Real Estate Capital Acquire Industrial Asset In St. Cloud For $5.035M
SOLDIndustrial

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:

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

Gregory Carett

Smith Commercial Property Group

Broker

$23.8M

vol

3 deals

Broker

Mitchell Kaplain

K2 Real Estate Capital

Buyer

$10.4M

vol

4 deals

Buyer

David Lucey

Seller

$5M

vol

1 deal

Seller
Bilt advertisement

Saint Cloud Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $496 per square foot on a published $5M for 10,140 square feet (2026).

Visit Gregory Carett to view all their deals.

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

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