Tyler Workman Of WREV Industrial Acquires Industrial Assets From Scott K Sime & Belinda Sime For $22.75M
7361 Northwest 78th Street, 7460 Northwest 82nd Avenue & 6405 Northwest 82nd Avenue
$22,750,000
$256/SF
Building Size
88,851 SF
Asset Type
Industrial
Closing
Jul 31, 2025
AI
The transaction involved three properties located at 7361 Northwest 78th Street, 7460 NW 82nd St, and 6409 NW 82nd Ave in Medley. The asset type is industrial, and the properties have a combined square footage of 88,851. The sale price was $22,750,000, translating to a price per square foot of $256.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,750,000
- Square Footage: 88,851
- Price Per Square Foot: $256
- Buyer: Tyler Workman - WREV Industrial
- Seller: Scott K Sime & Belinda Sime
- Brokers: Raul Pino & Pablo Vignolo - The Hype Real Estate Group
- Market: Medley
Raul Pino and Pablo Vignolo, representing The Hype Real Estate Group, facilitated the deal, coordinating effectively between the buyer and seller for a smooth closing. The team is focused on sourcing industrial and retail properties across Florida, Georgia, North Carolina, Virginia, and northeastern states, emphasizing their active engagement in these markets.
Players
Medley 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93