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700 Atlantis Road

Tyler Workman Acquires Industrial Asset In Melbourne For $4,900,000 With Buyer’s Reps Max Loria And David Richman
SOLDIndustrial

Tyler Workman Acquires Industrial Asset In Melbourne For $4,900,000 With Buyer’s Reps Max Loria And David Richman

700 Atlantis Road

$4,900,000

$156/SF

Building Size

31,250 SF

Asset Type

Industrial

Closing

Jun 17, 2026

AI

The industrial property located at 700 Atlantis Road in Melbourne has been sold for $4,900,000. The asset spans 31,250 square feet with a price per square foot of $156.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $4,900,000
  • Address: 700 Atlantis Road
  • Market: Melbourne
  • Square Footage: 31,250
  • Price Per Square Foot: $156
  • Buyer: Tyler Workman
  • Seller: Kathy Theofilos
  • Buyer's Representative: Max Loria & David Richman - STL Commercial
  • Seller's Representative: Vitor De Sousa & Jeffery Robison, CCIM - Lightle Beckner Robison, Inc.

The transaction involved key representatives including Max Loria and David Richman from STL Commercial representing the buyer, and Vitor De Sousa along with Jeffery Robison, CCIM from Lightle Beckner Robison, Inc. representing the seller in this deal.

Players

Max Loria

STL Commercial

Broker

$143.5M

vol

29 deals

Broker
Lightle Beckner Robison & Inc.
Lightle Beckner Robison & Inc.Brokerage
Tyler Workman

Tyler Workman

Buyer

$125.3M

vol

10 deals

Buyer

Market 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

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93