Updated Apr 13, 2026
Joel Lusky Of Harbor Equity Partners Acquires Industrial Warehouse In Cutler Bay For $4.3M
18505 Southwest 104th Avenue
$4,300,000
$203/SF
Building Size
21,101 SF
Asset Type
Industrial
Closing
Mar 30, 2026
About this deal
AI
This industrial asset is located at 18505 Southwest 104th Avenue in the Cutler Bay market. The property spans 21,101 square feet and sold for $4,300,000, resulting in a price per square foot of $203. It consists of 30 condo warehouses, providing value-add small bay opportunities for investors.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Buyer: Joel Lusky - Harbor Equity Partners
- Seller: Riccardo De Leo - Pombal Inc
- Seller's Representative: Paola Chapman - Florida Realty of Miami
- Square Footage: 21,101
- Price Per Square Foot: $203
The transaction was sourced off-market, with Paola Chapman exclusively representing the seller, Riccardo De Leo. The deal showcases continued demand and limited inventory within Miami’s industrial sector, as well as the high desirability of well-located assets.
On the Map
$4,300,000
$203/SF
Industrial
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Players
Cutler Bay 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93