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.
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