Dan Flamholz Purchases Industrial Asset From Read Peaslee For $1.9 Million In Lakeland
SOLD
$1,900,000
Florida
See Similar DealsIndustrial11,455 SF
Sold 02/10/2026
SOLD
Dan Flamholz Purchases Industrial Asset From Read Peaslee For $1.9 Million In Lakeland
5004 North Combee Road
See Similar DealsIndustrial11,455 SF
Sold 02/10/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$165
Total Square Footage:11,455 SF
Transaction Type:Sale
The industrial property located at 5004 North Combee Road in Lakeland has been sold for a transaction price of $1,900,000. The asset boasts a size of 11,455 square feet, translating to a price per square foot of $165.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Address: 5004 North Combee Road
- Market: Lakeland
- Square Footage: 11,455
- Price Per Square Foot: $165
- Buyer: Dan Flamholz
- Seller: Read Peaslee
- Broker: Brendan Schneier - The Hype Real Estate Group
This transaction involved key individuals, with Dan Flamholz acting as the buyer, while Read Peaslee served as the seller. Brendan Schneier from The Hype Real Estate Group represented the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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