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7601 Riviera Boulevard

Jeffrey Small Of MDH Partners Acquires Industrial Warehouse From Phil Belling Of LBA Realty For $19.2M
SOLDIndustrial

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.

Players

Jeffrey Small

MDH Partners

Buyer

$287.7M

vol

4 deals

Buyer

Miramar 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93