Updated Aug 8, 2025
Tyler Workman Purchases Industrial Property From Sime Realty For $22.8 Million In Medley
Northwest 82nd Street
$22,800,000
$253/SF
Building Size
90,000 SF
Asset Type
Industrial
Closing
Jul 30, 2025
About this deal
AI
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.
On the Map
$22,800,000
$253/SF
Industrial
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Players
Miami 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93