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700 Atlantis Road

Updated Oct 14, 2026

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

About this deal

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:

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.

On the Map

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$4,900,000

$156/SF

Industrial

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Players

Max Loria

STL Commercial

Broker

$161.1M

vol

33 deals

Broker
Tyler Workman

Tyler Workman

Buyer

$132.8M

vol

11 deals

Buyer

Kathy Theofilos

Seller

$9.8M

vol

2 deals

Seller
Bilt advertisement

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $156 per square foot on a published $4.9M for 31,250 square feet (2026).

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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

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