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Douglas Tymins Of Corebridge Real Estate Investors Acquires Industrial Property From Dwight Angelini For $43.5M

Property Image
SOLD
$43,500,000
Trey Barry
Jose Lobon
Dwight Angelini

Florida

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Industrial221,471 SF
Sold 03/28/2025
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Property Image
SOLD

Douglas Tymins Of Corebridge Real Estate Investors Acquires Industrial Property From Dwight Angelini For $43.5M

1400 Northwest 159th Street

See Similar Deals
Industrial221,471 SF
Sold 03/28/2025
Trey Barry
Jose Lobon
Dwight Angelini
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$196
Total Square Footage:221,471 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial facility located at 1400 Northwest 159th Street, Miami Gardens. The transaction was completed for a total price of $43,500,000.00, encompassing a total square footage of 221,471.0 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $43,500,000.00
  • Address: 1400 Northwest 159th Street
  • Market: Miami Gardens
  • Square Footage: 221,471.0
  • Buyer: Douglas Tymins - Corebridge Real Estate Investors
  • Seller: Dwight Angelini - Longpoint Partners
  • Brokers: Jose Lobon - CBRE, Trey Barry - CBRE

This transaction highlights the involvement of key individuals such as buyer Douglas Tymins representing Corebridge Real Estate Investors, and seller Dwight Angelini representing Longpoint Partners. Both broker representatives, Jose Lobon and Trey Barry, are affiliated with CBRE and facilitated the deal.

Players

Jose Lobon
CBRE
Jose Lobon
53 deals$3.8B volume(305) 381-6446
BROKER
Trey Barry
CBRE
Trey Barry
18 deals$1.5B volume
BROKER
Dwight Angelini
Dwight Angelini
25 deals$1B volume
SELLER

Details

SOLD
IMAGE: Trey Barry, Jose Lobon, Douglas Tymins & Dwight Angelini DATE: 03/28/2025 ADDRESS: 1400 Northwest 159th Street MARKET: Miami Gardens ASSET TYPE: Industrial ~ ACRES: 11.2 BUYER: Douglas Tymins - Corebridge Real Estate Investors SELLER: Dwight Angelini - Longpoint Partners (@LongpointPartners) BROKERS: Jose Lobon & Trey Barry - CBRE (@CBRE) SALE PRICE: $43,500,000 SF: 221,471 ~ PPSF: $196 NOTE: Longpoint sold a 221,471-square-foot warehouse near Miami Gardens for $43.5 million to Corebridge Real Estate Investors, marking a $15 million gain from its 2021 purchase. The deal, brokered by CBRE, reflects Longpoint’s continued activity in South Florida’s industrial market following major acquisitions totaling over $600 million in the past two years.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,320,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$154,546.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$206,212.19
Annual Debt Service$2,474,546.31