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518 North G Street

Arnold Bramnick Acquires Industrial Property In Lake Worth Beach From Mark Spillane For $6.05M
SOLDIndustrial

Arnold Bramnick Acquires Industrial Property In Lake Worth Beach From Mark Spillane For $6.05M

518 North G Street

$6,050,000

$234/SF

Building Size

25,800 SF

Asset Type

Industrial

Closing

Oct 5, 2025

AI

The industrial asset located at 518 North G Street in Lake Worth Beach has been sold for a price of $6,050,000. The property encompasses 25,800 square feet, translating to a price per square foot of $234.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,050,000
  • Address: 518 North G Street
  • Market: Lake Worth Beach
  • Square Footage: 25,800
  • Price Per Square Foot: $234
  • Buyer: Arnold Bramnick
  • Seller: Mark Spillane
  • Brokers: Ethan Amar, Matthew Lago & Sebastian Misiewicz - Lee & Associates

The deal showcases the involvement of brokers Ethan Amar, Matthew Lago, and Sebastian Misiewicz, who represented the transaction through Lee & Associates. The buyer, Arnold Bramnick, acquired the property from seller Mark Spillane, marking a significant transaction within the industrial real estate market.

Players

Ethan Amar

Lee & Associates

Broker

$6.1M

vol

2 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

Mark Spillane

Seller

$21.6M

vol

4 deals

Seller

Lake Worth Beach 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

2.62%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93