A 20,748 square foot industrial property located at 5149 NE 12th Ave, Oakland Park was recently sold in a transaction closed on 03/01/2021. The property, consisting of 7 bays ranging from about 2,000 SF to 4,000 SF, offered a true value-add opportunity for the buyer. The sale price for this small bay warehouse property was $2,650,000, resulting in a price per square foot of $128.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $2,650,000
• Address: 5149 NE 12th Ave, Oakland Park
• Market: Oakland Park
• Buyer: Benjamin J. Genet
• Seller: David Hench
• BROKERS: Miguel Pinto & Jason Abitbol (@jasonabitbol) - APEX Capital Realty (@apexcapitalrealty)

The buyer, Benjamin J. Genet, saw the potential in this property and seized the value-add opportunity it presented. The seller, David Hench, was represented by Jason Abitbol, Senior Commercial Advisor at APEX Capital Realty. On the other hand, Miguel Pinto, CEO and Managing Broker at APEX Capital Realty, represented the buyer in this transaction. Within less than a month from listing, the property went under contract and closed for the asking price of $2.65M, equivalent to $127.72 per square foot.

For more information about this property or to get in touch with the brokers, please visit the APEX Capital Realty website.