Alex Sanchez And Dwight Angelini Of Longpoint Acquire Industrial Properties In Medley For $38.8M
7208 Northwest 84th Avenue
$38,800,000
$264/SF
Building Size
146,722 SF
Asset Type
Industrial
Closing
Jun 30, 2026
AI
The property involved in the transaction is situated at 7200-7208 NW 84 Avenue and 8203 & 8251 NW 70 Street, Medley, FL. This industrial asset has a total square footage of 146,722 and was sold for $38,800,000, resulting in a price per square foot of $264 within the Medley market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $38,800,000
- Square Footage: 146,722
- Price per Square Foot: $264
- Buyer: Alex Sanchez & Dwight Angelini - Longpoint
- Seller: Martha & Ruben Artiles
- Buyer’s Representative: Jose Sasson Lerner, Eli Sasson Bril & Roberto Susi - AXIOM Capital Advisors
- Seller’s Representative: Ralph Merritt - Commercial Property Group
- Date of transaction: 07/10/2026
The representatives involved in this transaction include Jose Sasson Lerner, Eli Sasson Bril, and Roberto Susi, all part of AXIOM Capital Advisors, representing the buyers. Ralph Merritt from Commercial Property Group served as the representative for the sellers, Martha and Ruben Artiles. These individuals facilitated the closing of this industrial transaction in Medley.
Players
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93