Updated Oct 7, 2025
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
About this deal
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.
On the Map
$16,000,000
$219/SF
Industrial
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Players
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