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5004 North Combee Road

Dan Flamholz Purchases Industrial Asset From Read Peaslee For $1.9 Million In Lakeland
SOLDIndustrial

Dan Flamholz Purchases Industrial Asset From Read Peaslee For $1.9 Million In Lakeland

5004 North Combee Road

$1,900,000

$165/SF

Building Size

11,455 SF

Asset Type

Industrial

Closing

Feb 9, 2026

AI

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.

Players

Brendan Schneier

The Hype Real Estate Group

Broker

$40.5M

vol

5 deals

Broker

Lakeland 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93