Joseph Khakshouri Acquires Industrial Asset In Miami From Tomas Sulichin For $2 Million

The property asset involved in this transaction is an industrial facility located at 7600 Northwest 7th Avenue, Miami. The sale price for the property was $2,000,000, with a total square footage of 8,200 and a price per square foot of $243.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,000,000
• Buyer: Joseph Khakshouri
• Seller: Tomas Sulichin
• Seller's Representative: Tomas Sulichin - RelatedISG International Realty
• Market: Miami
• Sale Date: 10/06/2025

Tomas Sulichin, the seller, originally purchased the property in 2021 for $1,000,000 when it was operating as a church. His decision to acquire the property was influenced by the price per square foot, which he considered the most significant factor. The sale reflects an approximate 25% appreciation per year, leading to over a 100% total return during his ownership.