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680 Old Dixie Highway

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

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

Shane Decker

Buyer

$406M

vol

22 deals

Buyer
Jeffrey Pechter

Jeffrey Pechter

Seller

$137.9M

vol

12 deals

Seller

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