Shane Decker Of Decker Capital Purchases Industrial Asset In Vero Beach For $31.7M

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.