Michael Spetko Acquires Industrial Asset In Oakland Park From Jason Rubin For $3.83M
SOLD
$3,830,000
+ 1
Florida
See Similar DealsIndustrial18,000 SF
Sold 04/15/2025
SOLD
Michael Spetko Acquires Industrial Asset In Oakland Park From Jason Rubin For $3.83M
1840 Northwest 29th Street
See Similar DealsIndustrial18,000 SF
Sold 04/15/2025
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$212
Total Square Footage:18,000 SF
Transaction Type:Sale
The industrial property located at 1840 Northwest 29th Street in Oakland Park was sold for $3,830,000. The asset encompasses a square footage of 18,000, resulting in a price per square foot of $212.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,830,000
- Buyer: Michael Spetko
- Seller: Jason Rubin
- Brokers: Max Loria, Sam Schwartz & David Richman - STL Commercial
This transaction was facilitated by brokers Max Loria, Sam Schwartz, and David Richman, who represented the seller, Jason Rubin. Their collaboration ensured the successful completion of the sale in the Oakland Park market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$204,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,607.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,156.15
Annual Debt Service$217,873.85
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