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Rotem Hoffman And Branden Hertz Acquire Industrial Property In Oakland Park For $2.5M

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SOLD
$2,500,000

Florida

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Industrial14,484 SF
Sold 12/31/2021
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Property Image
SOLD

Rotem Hoffman And Branden Hertz Acquire Industrial Property In Oakland Park For $2.5M

4310 Northwest 10th Avenue, Oakland Park, Florida 33309, United States

See Similar Deals
Industrial14,484 SF
Sold 12/31/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$172
Total Square Footage:14,484 SF
Transaction Type:Sale

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.

Players

Santiago Acevedo
12 deals$63M volume(954) 652-9911
BROKER

Santiago Acevedo
Compass
12 deals$63M volume(954) 652-9911
BROKER


3 deals$12.5M volume
BUYER

Details

SOLD
IMAGE: Rotem Hoffman, Santiago Acevedo & Branden Hertz DATE: 12/31/2021 ADDRESS: 4310 NW 10th Ave MARKET: Oakland Park ASSET TYPE: Industrial ~ ACRES: 1.96 BUYER: Rotem Hoffman (@RodHoffman) & Branden Hertz (@BeeHertz) SELLER: John Bachman BUYER'S REP: Santiago Acevedo (@SantiagoAceved.o) - Hertz Realty Group SALE PRICE: $2,500,000 SF: 14,484 ~ PPSF: $173

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31