Updated Sep 17, 2026
Jeff Jenkins & Sam Schiffman Of WareSpace Acquire Industrial Asset In Miami Lakes For $100M
4900 Northwest 167th Street
Building Size
100,000 SF
Asset Type
Industrial
Closing
Sep 8, 2026
About this deal
AI
The property asset involved in this transaction is an industrial space located at 4900 Northwest 167th Street in Miami Lakes. The asset encompasses a total square footage of 100,000. The transaction took place on 09/08/2026.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 4900 Northwest 167th Street
- Market: Miami Lakes
- Buyer: Jeff Jenkins & Sam Schiffman - WareSpace
- Seller: Pelican Reef
- Seller's Representative: Rene Vivo & Frank Trelles - Vivo Real Estate Group
Key individuals involved in the deal include Jeff Jenkins and Sam Schiffman, representing the buyer, WareSpace. The seller, Pelican Reef, was represented by Rene Vivo and Frank Trelles from the Vivo Real Estate Group, facilitating the transaction between the parties.
On the Map
Industrial
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Players
Miami Lakes 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93