facebook
Traded Co logo
Submit

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

Property Image
SOLD
$34,000,000
Gregory (Greg) Miller
Jeffrey Pechter
Patrick Carney

Florida

See Similar Deals
Industrial144,874 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

3600 Northeast 4th Avenue

See Similar Deals
Industrial144,874 SF
Sold
Gregory (Greg) Miller
Jeffrey Pechter
Patrick Carney
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$234
Total Square Footage:144874 SF
Transaction Type:Sale

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.

Players

Gregory (Greg) Miller
Cushman & Wakefield
Gregory Miller
36 deals$845.2M volume(954) 377-0472
BROKER
Northbridge Partners
Northbridge Partners
BUYER
Jeffrey Pechter
Jeffrey Pechter
12 deals$137.9M volume
SELLER
Patrick Carney
Patrick Carney
14 deals$201.2M volume
SELLER

Details

SOLD
IMAGE: Greg Miller, Patrick Carney & Jeffrey Pechter DATE: 03/02/2026 ADDRESS: 3600 Northeast 4th Avenue MARKET: Oakland Park ASSET TYPE: Industrial BUYER: Northbridge Partners (@NB_Partners) SELLER: Patrick Carney & Jeffrey Pechter - Mindful Capital BROKER: Greg Miller - Cushman & Wakefield (@CushWake) SALE PRICE: $34,000,000 SF: 144,874 ~ PPSF: $234 NOTE FROM SELLER: Mindful Capital Group is pleased to announce the successful disposition of Oakland Park Commerce Center. The project performed exceptionally well and appreciated significantly from Mindful’s acquisition price of $17.85M in 2021. To participate in future projects, please reach out directly at [email protected].

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,813,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15