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700 Atlantis Road

Tyler Workman Purchases Industrial Property From Kathy Theofilos For $4.9 Million With STL Commercial's Representation
SOLDIndustrial

Tyler Workman Purchases Industrial Property From Kathy Theofilos For $4.9 Million With STL Commercial's Representation

700 Atlantis Road

$4,900,000

$155/SF

Building Size

31,621 SF

Asset Type

Industrial

Closing

Jun 17, 2026

AI

The property asset involved in this transaction is an industrial building located at 700 Atlantis Road in the Melbourne market. This asset encompasses a total square footage of 31,621 and was sold for a price of $4,900,000, resulting in a price per square foot of $154.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,900,000
  • Address: 700 Atlantis Road
  • Market: Melbourne
  • Square Footage: 31,621
  • Price Per Square Foot: $154
  • Buyer: Tyler Workman
  • Seller: Kathy Theofilos
  • Buyer's Representative: Max Loria & David Richman - STL Commercial

This transaction involved key individuals including the buyer, Tyler Workman, and the seller, Kathy Theofilos, facilitated by representatives Max Loria and David Richman from STL Commercial, highlighting their role in navigating the deal for the buyer.

Players

Max Loria

STL Commercial

Broker

$143.5M

vol

29 deals

Broker
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