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
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