Updated May 12, 2025
Michael Spetko Acquires Industrial Asset In Oakland Park From Jason Rubin For $3.83M
1840 Northwest 29th Street
$3,830,000
$212/SF
Building Size
18,000 SF
Asset Type
Industrial
Closing
Apr 15, 2025
About this deal
AI
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.
On the Map
$3,830,000
$212/SF
Industrial
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Players
Oakland Park 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
4.14%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93