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Longpoint Partners Acquires Industrial Asset From Asahi Refining Florida For $9.495M

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SOLD
$9,495,000

Florida

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Industrial50,151 SF
Sold 09/30/2025
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SOLD

Longpoint Partners Acquires Industrial Asset From Asahi Refining Florida For $9.495M

12800 Northwest 38th Avenue

See Similar Deals
Industrial50,151 SF
Sold 09/30/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$189
Total Square Footage:50,151 SF
Transaction Type:Sale

The industrial asset located at 12800 Northwest 38th Avenue in Opa Locka has been sold for $9,495,000. The property encompasses approximately 50,151 square feet, resulting in a price per square foot of $189.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,495,000
  • Address: 12800 Northwest 38th Avenue
  • Market: Opa Locka
  • Buyer: Longpoint Partners
  • Seller: Asahi Refining Florida
  • Brokers: Pablo Vignolo & Raul Pino, Amanda J. Rubi - The Hype Real Estate Group
  • Square Footage: 50,151
  • Price Per Square Foot: $189

This transaction was facilitated by brokers Pablo Vignolo, Amanda J. Rubi, and Raul Pino of The Hype Real Estate Group, who represented both the buyer and seller, ensuring a smooth closing process. The team continues to actively seek industrial and retail opportunities across various states, including Florida, Georgia, North Carolina, Virginia, and northeastern states, and they are reachable for inquiries regarding similar opportunities.

Players

Raul Pino
50 deals$344.4M volume
BROKER

Pablo Vignolo
The Hype Real Estate Group
43 deals$285.6M volume
BROKER

Amanda J. Rubi
The Hype Real Estate Group
3 deals$15.3M volume
BROKER

The Hype Real Estate Group
BROKERAGE

Details

SOLD
IMAGE: Pablo Vignolo, Amanda J. Rubi & Raul Pino DATE: 09/30/2025 ADDRESS: 12800 Northwest 38th Avenue MARKET: Opa Locka ASSET TYPE: Industrial BUYER: Longpoint Partners (@LongpointPartners) SELLER: Asahi Refining Florida BROKERS: Pablo Vignolo (@Hypepabs) & Raul Pino (@Thewolfofsouthfl), Amanda J. Rubi (@TheAmandaRubi) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SALE PRICE: $9,495,000 SF: 50,151 ~ PPSF: $189 NOTE FROM BROKERS: Another successful off-market transaction where Hype worked with both the Seller and Buyer for a smooth closing. Our team is actively sourcing industrial and retail opportunities throughout Florida, Georgia, North Carolina, Virginia, and northeastern states. We have physical offices in Miami and New York and are looking to connect with more buyers who want to purchase good opportunities in these markets. Please reach out to Raul Pino, Pablo Vignolo, or Amanda Rubi at [email protected] for similar opportunities.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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