Updated Oct 26, 2026
Benji Howard Purchases Industrial Asset At 6040 Old Dixie Hwy From Joe Keene For $2.05M
Old Dixie Highway
$2,050,000
$136/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
Oct 22, 2026
About this deal
AI
An Industrial asset located at 6040 Old Dixie Hwy in Vero Beach was sold for $2,050,000. The property spans 15,000 square feet, resulting in a price per square foot of $136. The market for the asset is identified as Vero Beach, Florida.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,050,000
- Address: 6040 Old Dixie Hwy
- Market: Vero Beach
- Square Footage: 15,000
- Price Per Square Foot: $136
- Buyer: Benji Howard
- Seller: Joe Keene
- Broker: Gregory Carett - Smith Commercial Property Group
The transaction highlights the involvement of Gregory Carett from Smith Commercial Property Group, who represented the seller, Joe Keene, in this off-market closing. This deal showcases the firm's dedication to facilitating investment sales, specifically in the Industrial Outdoor Storage and Small-Bay Industrial sectors.
On the Map
$2,050,000
$136/SF
Industrial
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Players
Vero Beach 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93