Zalmy Shapiro And Joel Lusky Of Harbor Equity Partners Acquire Industrial Asset In Miami For $4.3M
18505 Southwest 104th Avenue
$4,300,000
$203/SF
Building Size
21,101 SF
Asset Type
Industrial
Closing
Mar 30, 2026
AI
The asset involved in the transaction is an industrial property located at 18505 Southwest 104th Avenue in the Miami market. The sale price for the property was $4,300,000, with a total square footage of 21,101 and a price per square foot of $203.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Square Footage: 21,101
- Price Per Square Foot: $203
- Buyer: Zalmy Shapiro & Joel Lusky - Harbor Equity Partners
- Seller: Ricardo Deleo - Pombal Inc
- Buyer's Representative: Yoni Sunshine - APEX Capital Realty
- Date of Transaction: 03/31/2026
Yoni Sunshine represented the buyers in this transaction, having previously facilitated the disposition of their Oakland Park asset in Q4 2025. The team successfully redeployed the client’s capital into this Miami acquisition, showcasing their specialization in sourcing off-market, value-add industrial opportunities.
Players
Cutler Bay 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93