Shane Decker & Brett Schlacter Acquire Broward County Industrial Asset For $8M

Infinity Properties, led by Shane Decker and Brett Schlacter, closed on their 7th industrial deal this year with the purchase of 8 light industrial buildings in Oakland Park, FL. The off-market acquisition, totaling 64,800 square feet, was sold by Glenayre Associates for $8,000,000. The industrial assets are located at 4861-4875 NE 12th Ave, 4801-4811 NE 12th Ave, 4828-4840 NE 12th Ave, 4820-4826 NE 12th Ave, 4760-4774 NE 12th Ave, 4852-4856 NE 12th Avenue, 4842-4850 NE 12th Avenue, and 4860-4864 NE 12th Avenue in Broward County.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,000,000
• Square Footage: 64,800
• Price per Square Foot: $123
• Market: Broward County
• Buyer: Shane Decker & Brett Schlacter
• Seller: Glenayre Associates

Infinity Properties plans to renovate the industrial park to enhance its curb appeal and overall aesthetics. With bay sizes ranging from 1,300 to 1,800 square feet, the buildings cater to local tradesmen who value the central location near downtown Fort Lauderdale, the beaches, FLL International Airport, and major highways. Shane Decker, Owner & Co-Managing Director of Infinity Properties, expressed enthusiasm about the acquisition and the opportunity to transform the asset into one of the most visually appealing small-bay parks in South Florida.

Infinity Properties, known for sourcing off-market assets, has closed on several significant deals this year. In addition to the Oakland Park acquisition, they recently purchased a 4-building small-bay park in Margate, FL for $6.5 million and another small-bay park in Pompano Beach, FL for $6.6 million. The company, led by Shane Decker and Brett Schlacter, has acquired over 500,000 square feet of real estate in 2021 alone. As one of the top buyers in Florida, Infinity Properties is actively seeking to expand its portfolio and is looking to hire acquisition professionals at their corporate office in Bay Harbor Islands, FL.

Contact information for Shane Decker: [email protected]

Contact information for Brett Schlacter: [email protected]