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
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