Updated Oct 29, 2024
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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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