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.
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