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1840 Northwest 29th Street

Michael Spetko Acquires Industrial Asset In Oakland Park From Jason Rubin For $3.83M
SOLDIndustrial

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

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:

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

Sam Schwartz

STL Commercial

Broker

$23.2M

vol

5 deals

Broker
Atlas Realty Group
Atlas Realty GroupBrokerage

Jason Rubin

Seller

$58.2M

vol

9 deals

Seller

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