Adir Levitas Of Faropoint Ventures Acquires Industrial Portfolio From Dwight Angelini For $24.45M
13290 Northwest 45th Avenue, 13230 Northwest 45th Avenue, 15907 Northwest 52nd Avenue & 14025 Northwest 58th Court
$24,450,000
$42/SF
Building Size
580,928 SF
Asset Type
Industrial
Closing
Jan 21, 2026
AI
Longpoint Partners sold an industrial portfolio comprising properties located at 13290 Northwest 45th Avenue, 13230 Northwest 45th Avenue, 15907 Northwest 52nd Avenue, and 14025 Northwest 58th Court for $24.45 million. The total square footage of the assets is 145,232 square feet, translating to a price per square foot of $168. These properties are situated in the markets of Opa Locka, Miami Gardens, and Miami Lakes, and they were built between 1966 and 1982.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,450,000
- Square Footage: 145,232
- Price Per Square Foot: $168
- Buyer: Adir Levitas - Faropoint Ventures
- Seller: Dwight Angelini - Longpoint Partners
- Market: Opa Locka, Miami Gardens & Miami Lakes
Adir Levitas represented Faropoint Ventures in the transaction, while Dwight Angelini represented Longpoint Partners. The sale marks a strategic shift for Longpoint Partners as it reverses their recent buying trend in the market.
Players
Opa Locka 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93