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Tyler Workman Of WREV Industrial Acquires Industrial Assets From Scott K Sime & Belinda Sime For $22.75M

Property Image
SOLD
$22,750,000
Raul Pino
Belinda Sime
+ 1

Florida

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Industrial88,851 SF
Sold 08/01/2025
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Property Image
SOLD

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

See Similar Deals
Industrial88,851 SF
Sold 08/01/2025
Raul Pino
Belinda Sime
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$256
Total Square Footage:88,851 SF
Transaction Type:Sale

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:

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

Raul Pino
50 deals$344.4M volume
BROKER

Pablo Vignolo
The Hype Real Estate Group
43 deals$285.6M volume
BROKER

The Hype Real Estate Group
BROKERAGE

Tyler Workman
8 deals$115.5M volume
BUYER

Belinda Sime
3 deals$27.1M volume
SELLER

Details

SOLD
IMAGE: Pablo Vignolo & Raul Pino DATE: 08/01/2025 ADDRESS: 7361 Northwest 78th Street, 7460 NW 82nd St & 6409 NW 82nd Ave MARKET: Medley ASSET TYPE: Industrial BUYER: Tyler Workman - WREV Industrial SELLER: Scott K Sime & Belinda Sime BROKERS: Raul Pino (@Thewolfofsouthfl) & Pablo Vignolo (@Hypepabs) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SALE PRICE: $22,750,000 SF: 88,851 ~ PPSF: $256 NOTE FROM BROKER: Another successful off-market transaction where Hype worked with both the Seller and Buyer for a smooth closing. Our team is actively sourcing industrial and retail opportunities throughout Florida, Georgia, North Carolina, Virginia, and northeastern states. We have physical offices in Miami and New York and are looking to connect with more buyers who want to purchase good opportunities in these markets. Please reach out to Raul Pino ([email protected]) , or Pablo Vignolo ([email protected]) for similar opportunities.

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$80,825.96
Cash-on-Cash Return-1.27%
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