Mark Obendorf Sells Multi-Tenant Industrial Asset In Venice For $4M With Brokers Hayden Bruno & Nick Watson
SOLD
$4,000,000
Florida
See Similar DealsIndustrial23,081 SF
Sold 06/27/2025
SOLD
Mark Obendorf Sells Multi-Tenant Industrial Asset In Venice For $4M With Brokers Hayden Bruno & Nick Watson
313 Seaboard Avenue
See Similar DealsIndustrial23,081 SF
Sold 06/27/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$173
Total Square Footage:23,081 SF
Transaction Type:Sale
The property involved in this transaction is a multi-tenant industrial asset located at 313-333 Seaboard Ave in Venice, FL. The sale was finalized for $4,000,000, which translates to a price per square foot of $100, encompassing a total area of 40,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 313-333 Seaboard Ave
- Market: Venice, FL
- Square Footage: 40,000
- Price per Square Foot: $100
- Seller: Mark Obendorf
- Brokers: Hayden Bruno & Nick Watson - Matthews Real Estate Investment Services
Hayden Bruno and Nick Watson represented the seller in the transaction, facilitating the sale process for the multi-tenant industrial property. Their involvement highlights the professional brokerage services provided by Matthews Real Estate Investment Services in this deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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