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3400 Northwest 67th Street

WREV Acquires Industrial Property In Miami For $16 Million With Tyler Workman As Buyer
SOLDIndustrial

WREV Acquires Industrial Property In Miami For $16 Million With Tyler Workman As Buyer

3400 Northwest 67th Street

$16,000,000

$219/SF

Building Size

73,000 SF

Asset Type

Industrial

Closing

Sep 16, 2025

AI

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.

Players

Jim Reichert

Broker

$275.9M

vol

7 deals

Broker
Tyler Workman

Tyler Workman

Buyer

$125.3M

vol

10 deals

Buyer

Miami 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93