Tyler Workman Purchases Industrial Property From Sime Realty For $22.8 Million In Medley
SOLD
$22,800,000
Florida
See Similar DealsIndustrial90,000 SF
Sold 07/30/2025
SOLD
Tyler Workman Purchases Industrial Property From Sime Realty For $22.8 Million In Medley
Northwest 82nd Street
See Similar DealsIndustrial90,000 SF
Sold 07/30/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$253
Total Square Footage:90,000 SF
Transaction Type:Sale
This transaction involves an industrial property located at 6405 Northwest 82nd Avenue, 7500 Northwest 82nd Street, and 7361 Northwest 78th Street in the Medley market. The sale price was $22,800,000, with a total square footage of 90,000 and a price per square foot of $253.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $22,800,000
- Buyer: Tyler Workman
- Seller: Sime Realty
- Title Insurance: Jim Reichert - Kensington Vanguard National Land Services
The transaction was marked by the involvement of key individuals, including buyer Tyler Workman and seller Sime Realty. Jim Reichert from Kensington Vanguard National Land Services provided title insurance for the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,216,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,003.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,083.63
Annual Debt Service$1,297,003.58
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