Updated Jun 19, 2026
James Mendel And Yannai Gordon Of Faropoint Acquire Industrial Asset In Miami For $12.8M
8391 Northwest 64th Street
$12,800,000
$241/SF
Building Size
52,909 SF
Asset Type
Industrial
Closing
Jun 15, 2026
About this deal
AI
This industrial property, located at 8391 Northwest 64th Street in the Miami market, was sold for $12,800,000. The total square footage is approximately 52,909, which results in a price per square foot of $241.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,800,000
- Address: 8391 Northwest 64th Street
- Market: Miami
- Sale Price: $12,800,000
- Square Footage: 52,909
- Price Per Square Foot: $241
- Buyer: James Mendel & Yannai Gordon - Faropoint
- Seller's Representatives: Mateo Coman, Devin White, David Albert & Isabel Nakash - CBRE
The transaction involved buyer representatives James Mendel and Yannai Gordon, who represent Faropoint. The seller was represented by a team from CBRE, including Mateo Coman, Devin White, David Albert, and Isabel Nakash, highlighting the collaborative nature of this industrial property sale.
Players
Miami 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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93