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15801 Northwest 49th Avenue...

Updated May 12, 2025

Lightstone Acquires Industrial Property In Miami Gardens From Warehomes Precision For $20M
SOLDIndustrial

Lightstone Acquires Industrial Property In Miami Gardens From Warehomes Precision For $20M

15801 Northwest 49th Avenue, Hialeah, FL, USA

$20,000,000

$139/SF

Building Size

143,000 SF

Asset Type

Industrial

Closing

Jul 16, 2020

About this deal

AI

The property asset involved in this transaction is located at 15801 Northwest 49th Avenue in Miami Gardens, designated as an industrial asset. The sale was completed for a total of $20,000,000, covering 143,000 square feet, which results in a price per square foot of $140. The asset spans across 5 acres, valuing the property at approximately $4,000,000 per acre.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Buyer: Lightstone
  • Seller: Warehomes Precision
  • Key Individuals: David Lichtenstein (Buyer), Jason Morjain and Marcos Morjain (Sellers), Moishe Mana (Tenant)
  • Square Footage: 143,000
  • Price Per Square Foot: $140
  • Acreage: 5
  • Price Per Acre: $4,000,000

The deal highlights prominent figures in the real estate sector, including David Lichtenstein representing Lightstone as the buyer. The sellers, Jason and Marcos Morjain, are associated with Warehomes Precision. Moishe Mana is the tenant that will occupy the property following the transaction.

On the Map

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$20,000,000

$139/SF

Industrial

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Players

David Lichtenstein

Lightstone Group

Broker

$1.6B

vol

18 deals

Broker
WP
Warehomes PrecisionSeller
Moishe Mana

Moishe Mana

Mana Common

Tenant

$2.9B

vol

38 deals

Tenant
Bilt advertisement

Hialeah Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $139 per square foot on a published $20M for 143,000 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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