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Benjamin J. Genet Acquires Industrial Property In Oakland Park For $2.65M

5149 NorthEast 12th Avenue
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This Industrial property located in FL was sold for $2,650,000 about 3 years ago. The brokers of the deal were Jason Abitbol and Miguel Pinto

A 20,748 square foot industrial property located at 5149 NE 12th Ave, Oakland Park was recently sold in a transaction closed on 03/01/2021. The property, consisting of 7 bays ranging from about 2,000 SF to 4,000 SF, offered a true value-add opportunity for the buyer. The sale price for this small bay warehouse property was $2,650,000, resulting in a price per square foot of $128.

Summary of transation details

The buyer, Benjamin J. Genet, saw the potential in this property and seized the value-add opportunity it presented. The seller, David Hench, was represented by Jason Abitbol, Senior Commercial Advisor at APEX Capital Realty. On the other hand, Miguel Pinto, CEO and Managing Broker at APEX Capital Realty, represented the buyer in this transaction. Within less than a month from listing, the property went under contract and closed for the asking price of $2.65M, equivalent to $127.72 per square foot.

For more information about this property or to get in touch with the brokers, please visit the APEX Capital Realty website.

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Deals
  • Location
    5149 Northeast 12th Avenue, Oakland Park, FL, USA5149 Northeast 12th Avenue, Oakland Park, FL, USA
  • Sale Price
    $2,650,000$2,650,000
    $127 PPSF$127 PPSF
  • Area
    20,748 SF20,748 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jason Abitbol

Jason Abitbol

Deals11
Sold$63.8M

Agency

APEX Capital Realty

APEX Capital Realty

Agency
Deals136
Volume$1.2B

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Deal Summary

[embed] SALE IMAGE: Miguel Pinto & Jason Abitbol DATE: 03/01/2021 ADDRESS: 5149 NE 12th Ave MARKET: Oakland Park ASSET TYPE: Industrial BUYER: Benjamin J. Genet SELLER: David Hench BROKERS: Miguel Pinto & Jason Abitbol @jasonabitbol - APEX Capital Realty @apexcapitalrealty ASKING PRICE: $2,650,000 SALE PRICE: $2,650,000 SF: 20,748 ~ PPSF: $128 NOTE: This small bay warehouse property, consisting of 20,748 rentable interior square feet on a 29,644 square foot lot, featured 7 bays ranging from about 2000 SF to 4000 SF, and provided a true value add opportunity for the Buyer. Jason Abitbol, Senior Commercial Advisor at Apex Capital Realty, represented the Seller, and Miguel Pinto, CEO and Managing Broker at Apex Capital Realty, represented the Buyer. This property was put under contract less than 1 month after listing, and closed for $2.65M, which breaks down to $127.72/SF. Jason Abitbol [email protected] tel:561.542.3704 Miguel Pinto [email protected] tel:305.632.2575 http://Apexcapitalrealty.com

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5149 NorthEast 12th Avenue

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