Mark Obendorf Sells Multi-Tenant Industrial Asset In Venice For $4M With Brokers Hayden Bruno & Nick Watson
313 Seaboard Avenue
$4,000,000
$173/SF
Building Size
23,081 SF
Asset Type
Industrial
Closing
Jun 27, 2025
AI
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.
Players
Venice 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93