Northbridge Partners Acquires Oakland Park Commerce Center From Patrick Carney & Jeffrey Pechter For $34M

The asset involved in the transaction is an industrial property located at 3600 Northeast 4th Avenue in Oakland Park. The sale price was $34,000,000, with a square footage of 144,874 and a price per square foot of $234.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $34,000,000
• Address: 3600 Northeast 4th Avenue
• Market: Oakland Park
• Square Footage: 144,874
• Price per Square Foot: $234
• Buyer: Northbridge Partners
• Seller: Patrick Carney & Jeffrey Pechter - Mindful Capital
• Broker: Greg Miller - Cushman & Wakefield

Mindful Capital noted the successful disposition of the Oakland Park Commerce Center, emphasizing that the project performed exceptionally well and appreciated significantly since its acquisition price of $17.85M in 2021. For future projects, interested parties are encouraged to reach out directly to Mindful Capital.