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7361 Northwest 78th Street

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

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:

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

The Hype Real Estate Group

Broker

$344.4M

vol

50 deals

Broker
The Hype Real Estate Group
The Hype Real Estate GroupBrokerage
Tyler Workman

Tyler Workman

Buyer

$125.3M

vol

10 deals

Buyer
Belinda Sime

Belinda Sime

Seller

$27.1M

vol

3 deals

Seller

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