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670 8th CtVero Beach, FL 32...

Updated Oct 29, 2024

Infinity Properties USA, Mindful Capital, And Glendale Trade Center Complete $13.5M Industrial Property Sale In Vero Beach
SOLDIndustrial

Infinity Properties USA, Mindful Capital, And Glendale Trade Center Complete $13.5M Industrial Property Sale In Vero Beach

670 8th CtVero Beach, FL 32962, USA

$13,500,000

$78/SF

Building Size

173,000 SF

Asset Type

Industrial

Closing

Apr 14, 2023

About this deal

AI

A 173,000 square foot industrial property located at 670-795 8th Court in Vero Beach has been sold for $13,500,000. The property, known as Glendale Trade Center, was acquired by Infinity Properties USA, along with Shane Decker, Brett Schlacter, and Peleg Amzalag representing the buyer. Pat Carney from Mindful Capital also represented the buyer in the transaction. The property is situated in the Vero Beach market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,500,000
  • Square Footage: 173,000 sqft
  • Price per Square Foot: $78
  • Address: 670-795 8th Court, Vero Beach
  • Buyer: Infinity Properties USA (Shane Decker, Brett Schlacter, Peleg Amzalag), Mindful Capital (Pat Carney)
  • Seller: Glendale Trade Center

Shane Decker, Brett Schlacter, and Peleg Amzalag from Infinity Properties USA, along with Pat Carney from Mindful Capital, served as the buyer's representatives in the sale of Glendale Trade Center in Vero Beach.

Players

Vero Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $78 per square foot on a published $13.5M for 173,000 square feet (2023).

Browse Florida industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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