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4300 Northwest 124th Avenue

Vadim Greenberg & Jacob Rosen Of CrestBay Acquire Industrial Asset In Coral Springs For $7.3M
SOLDIndustrial

Vadim Greenberg & Jacob Rosen Of CrestBay Acquire Industrial Asset In Coral Springs For $7.3M

4300 Northwest 124th Avenue

$7,300,000

$240/SF

Building Size

30,394 SF

Asset Type

Industrial

Closing

May 4, 2026

AI

The industrial property involved in this transaction is located at 4300 Northwest 124th Avenue, Coral Springs. The sale was finalized at a purchase price of $7,300,000 for a space measuring 30,394 square feet, resulting in a price per square foot of $240.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,300,000
  • Buyer: Vadim Greenberg & Jacob Rosen - CrestBay
  • Seller: Tom Smath
  • Square Footage: 30,394
  • Price per Square Foot: $240
  • Date of Sale: 05/05/2026

Vadim Greenberg and Jacob Rosen, representing CrestBay, executed this acquisition as part of the company's strategy to expand its industrial portfolio in South Florida. The property was sold by Tom Smath in an off-market transaction.

Players

Vadim Greenberg

Buyer

$139.8M

vol

3 deals

Buyer

Coral Springs 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

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93