Shane Decker Of Decker Capital Purchases Industrial Asset In Vero Beach For $31.7M
680 Old Dixie Highway
$31,700,000
$129/SF
Building Size
245,500 SF
Asset Type
Industrial
Closing
Jul 6, 2025
AI
The property involved in this transaction is an industrial asset located at 680 Old Dixie Highway in Vero Beach. The sale price was $31,700,000, and the property has a total square footage of 245,500, resulting in a price per square foot of $129.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,700,000
- Buyer: Shane Decker - Decker Capital
- Seller: Patrick Carney & Jeffrey Pechter - Mindful Capital Group
- Address: 680 Old Dixie Highway
- Market: Vero Beach
- Square Footage: 245,500
- Price per Square Foot: $129
Mindful Capital Group has recently completed a portfolio disposition of two multi-tenant industrial parks in Vero Beach and Daytona Beach. The firm acquired the assets in 2023 for an aggregate purchase price of $20,000,000, aligning with their strategy of consolidating their current light industrial portfolio into core Florida markets.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93