Jeffrey Small Of MDH Partners Acquires Industrial Warehouse From Phil Belling Of LBA Realty For $19.2M
7601 Riviera Boulevard
$19,200,000
$212/SF
Building Size
90,528 SF
Asset Type
Industrial
Closing
Oct 17, 2025
AI
The asset involved in the transaction is a warehouse located at 7601 Riviera Boulevard in Miramar, Florida. This industrial property encompasses 90,528 square feet and was sold for $19.2 million. The property was constructed in 2000 and has a price per square foot of $212. It previously changed hands in 2020 for $9.7 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,200,000
- Buyer: Jeffrey Small - MDH Partners
- Seller: Phil Belling - LBA Realty
- Square Footage: 90,528
- Price per Square Foot: $212
- Market: Miramar
- Previous Sale Price: $9,700,000
- Previous Sale Year: 2020
The key individuals involved in the transaction include Jeffrey Small representing MDH Partners as the buyer and Phil Belling representing LBA Realty as the seller. Their roles highlight the direct representation for their respective companies in the deal concerning the industrial asset.
Miramar Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93