Joseph Nastasi Purchases Industrial Property From Perry Fine In Oakland Park For $2M
3031 3035 Ne 12th Terrace
$2,000,000
$76/SF
Building Size
26,022 SF
Asset Type
—
Closing
May 2, 2025
AI
The property asset involved in this transaction is located at 3031-3035 Northeast 12th Terrace in Oakland Park. This industrial asset was sold for a price of $2,000,000, encompassing a total square footage of 9,660. The lot size is 13,011 square feet, with a price per square foot of $207 and price per lot square foot of $154.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Buyer: Joseph Nastasi
- Seller: Perry Fine - Oak Park 1
- Brokers: Jason Abitbol & Yoni Sunshine - APEX Capital Realty
- Square Footage: 9,660
- Lot Size: 13,011
Jason Abitbol and Yoni Sunshine of Apex Capital Realty represented both the buyer and seller in this transaction. They sourced this exclusive off-market property for sale, showcasing their expertise in the industrial real estate market.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93