The property asset involved in the transaction is a 22.4-acre industrial distribution warehouse located at 441 Southwest 12th Avenue in Deerfield Beach, FL. The sale price for the property was $84,100,000, equating to a price per square foot of $191. The total square footage of the facility is 440,709. This warehouse was previously occupied by Republic National Distributing Co. as a beverage distribution hub.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $84,100,000
• Buyer: Christopher P. Reyes & Jude Reyes
• Buyer Company: Reyes Holdings
• Seller: Marc Sachs
• Seller Company: Republic National Distributing Co.
• Lender: Wells Fargo
• Mortgage Amount: $60,380,000

The deal featured key participants including Christopher P. Reyes and Jude Reyes, representing Reyes Holdings, who are now set to assume operations at the facility. Marc Sachs represented the seller, Republic National Distributing Co., in this transaction. The sale was part of a broader movement involving the sale of operations across 11 markets.