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8391 Northwest 64th Street

James Mendel And Yannai Gordon Of Faropoint Acquire Industrial Asset In Miami For $12.8M
SOLDIndustrial

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

Devin White

CBRE

Broker

$461.7M

vol

22 deals

Broker
CBRE
CBREBrokerage
Yannai Gordon

Yannai Gordon

Faropoint

Buyer

$213.5M

vol

8 deals

Buyer

Miami 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

1.24%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93