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4310 Northwest 10th Avenue,...

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

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

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.

Players

Santiago Acevedo

Compass

Broker

$63M

vol

12 deals

Broker

Rotem Hoffman

Buyer

$13.9M

vol

4 deals

Buyer

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