WREV Acquires Industrial Property In Miami For $16 Million With Tyler Workman As Buyer
SOLD
$16,000,000
Florida
See Similar DealsIndustrial73,000 SF
Sold 09/17/2025
SOLD
WREV Acquires Industrial Property In Miami For $16 Million With Tyler Workman As Buyer
3400 Northwest 67th Street
See Similar DealsIndustrial73,000 SF
Sold 09/17/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$219
Total Square Footage:73,000 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 3400 Northwest 67th Street in Miami. The sale price of the property was $16,000,000, with a total square footage of 73,000, resulting in a price per square foot of $219.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 3400 Northwest 67th Street
- Market: Miami
- Square Footage: 73,000
- Price per Square Foot: $219
- Buyer: WREV – Tyler Workman
- Title Insurance: Jim Reichert
The key individuals in this transaction include Tyler Workman, who represented WREV as the buyer, and Jim Reichert, who provided the title insurance for the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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