Updated Mar 11, 2026
Northbridge Partners Acquires Oakland Park Commerce Center From Patrick Carney & Jeffrey Pechter For $34M
3600 Northeast 4th Avenue
$34,000,000
$234/SF
Building Size
144,874 SF
Asset Type
Industrial
Closing
Mar 1, 2026
About this deal
AI
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.
On the Map
$34,000,000
$234/SF
Industrial
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Players
Oakland Park 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93