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4351 Northeast 12th Terrace

Updated Dec 30, 2025

Max Tonconogy Purchases Industrial Property In Oakland Park From Andrew Shader And Corey Shader For $7M
SOLDIndustrial

Max Tonconogy Purchases Industrial Property In Oakland Park From Andrew Shader And Corey Shader For $7M

4351 Northeast 12th Terrace

$7,000,000

$215/SF

Building Size

32,436 SF

Asset Type

Industrial

Closing

Dec 17, 2025

About this deal

AI

The property involved in this transaction is located at 4351 Northeast 12th Terrace in Oakland Park. The transaction represents an industrial asset with a sale price of $7,000,000. The total square footage of the property is 32,436, which equates to a price per square foot of $215.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $7,000,000
  • Address: 4351 Northeast 12th Terrace
  • Market: Oakland Park
  • Square Footage: 32,436
  • Price Per Square Foot: $215
  • Buyer: Max Tonconogy
  • Seller: Andrew Shader & Corey Shader
  • Buyer's Representative: Mateo Romero - Gridline Properties
  • Seller's Representative: Jaime Sturgis - Native Realty

This transaction featured Max Tonconogy as the buyer, who is represented by Mateo Romero from Gridline Properties. The sellers, Andrew Shader and Corey Shader, are represented by Jaime Sturgis from Native Realty. Following this trade, the buyer remains active and is seeking small-bay and large-bay industrial opportunities.

On the Map

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$7,000,000

$215/SF

Industrial

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Players

Jaime Sturgis

Native Realty

Broker

$257.5M

vol

50 deals

Broker

Max Tonconogy

Buyer

$5.6M

vol

3 deals

Buyer
Andrew Shader

Andrew Shader

Seller

$45.5M

vol

8 deals

Seller
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Oakland Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $215 per square foot on a published $7M for 32,436 square feet (2025).

Visit Mateo Romero to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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