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2261 Northeast 164th Street

Shane Decker And Peleg Amzalag Of Decker Capital Acquire Industrial Park In North Miami Beach For $13.5M
SOLDIndustrial

Shane Decker And Peleg Amzalag Of Decker Capital Acquire Industrial Park In North Miami Beach For $13.5M

2261 Northeast 164th Street

$13,500,000

$350/SF

Building Size

38,500 SF

Asset Type

Industrial

Closing

May 17, 2026

AI

The industrial asset sold is situated at 2261 Northeast 164th Street in North Miami Beach. The transaction involved a sale price of $13,500,000 for a 38,500 square foot building, which translates to a price per square foot of $350. The property consists of 14 units and is located at a significant intersection in Miami, known for its busy traffic flow.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,500,000
  • Square Footage: 38,500
  • Price per Square Foot: $350
  • Buyer: Shane Decker & Peleg Amzalag - Decker Capital
  • Seller: Isaac Toledano & Liat Toledano - BH Group
  • Broker: Kameron Djamal
  • Date of Transaction: 05/18/2026

The buyers, Shane Decker and Peleg Amzalag from Decker Capital, have expressed intentions to transform the property into a destination catering to various users, including car storage, art dealers, showrooms, man caves, and boutique fitness spaces. The sellers, Isaac Toledano and Liat Toledano of BH Group, have divested a notable asset in a market characterized by high demand for small-bay industrial properties.

Players

Kameron Djamal

Broker

$17M

vol

2 deals

Broker

Shane Decker

Buyer

$406M

vol

22 deals

Buyer
Liat Toledano

Liat Toledano

BH Group

Seller

$814.1M

vol

12 deals

Seller

North Miami 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93