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
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