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Joel Lusky Of Harbor Equity Partners Acquires Industrial Warehouse In Cutler Bay For $4.3M

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SOLD
$4,300,000

Florida

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Industrial21,101 SF
Sold 03/31/2026
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Property Image
SOLD

Joel Lusky Of Harbor Equity Partners Acquires Industrial Warehouse In Cutler Bay For $4.3M

18505 Southwest 104th Avenue

See Similar Deals
Industrial21,101 SF
Sold 03/31/2026
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$203
Total Square Footage:21,101 SF
Transaction Type:Sale

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.

Players

Paola Chapman
5 deals$18.2M volume(786) 348-4088
BROKER

Joel Lusky
44 deals$422.7M volume
BUYER

Details

SOLD
IMAGE: Paola Chapman DATE: 03/31/2026 ADDRESS: 18505 Southwest 104th Avenue MARKET: Cutler Bay ASSET TYPE: Industrial BUYER: Joel Lusky - Harbor Equity Partners SELLER: Riccardo De Leo - Pombal Inc SELLER'S REP: Paola Chapman (@CommercialMami) - Florida Realty of Miami (@floridarealtyofmiami) SALE PRICE: $4,300,000 SF: 21,101 ~ PPSF: $203 NOTE FROM SELLER'S REP: Successfully closed this industrial warehouse sale in Miami’s 104 Ave corridor, consisting of 30 condo warehouses. The property presented a great value-add small bay opportunity and was acquired by investors looking to capitalize. I exclusively represented the seller and sourced the transaction off-market. With continued demand and limited inventory across Miami’s industrial sector, well-located assets remain highly sought after. For off-market opportunities or advisory in industrial and retail, feel free to reach out.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33