Updated May 12, 2025
Rotem Hoffman And Branden Hertz Acquire Industrial Property In Oakland Park For $2.5M
4310 Northwest 10th Avenue, Oakland Park, Florida 33309, United States
$2,500,000
$172/SF
Building Size
14,484 SF
Asset Type
Industrial
Closing
Dec 31, 2021
About this deal
AI
The property asset involved in this transaction is an industrial property located at 4310 NW 10th Ave in Oakland Park. The sale was completed for a transaction amount of $2,500,000, and the asset encompasses 1.96 acres with a total square footage of 14,484. The price per square foot for the property was $173.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 4310 NW 10th Ave
- Market: Oakland Park
- Acres: 1.96
- Square Footage: 14,484
- Price Per Square Foot: $173
- Buyer: Rotem Hoffman & Branden Hertz
- Seller: John Bachman
- Buyer's Representative: Santiago Acevedo - Hertz Realty Group
This transaction involved key individuals including the buyers, Rotem Hoffman and Branden Hertz, who acquired the property, and the seller, John Bachman. Santiago Acevedo from Hertz Realty Group represented the buyers in this deal, facilitating the transaction on their behalf.
On the Map
$2,500,000
$172/SF
Industrial
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Players
Fort Lauderdale 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93