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

Property Image
SOLD
$31,700,000
Shane Decker
Jeffrey Pechter

Florida

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Industrial245,500 SF
Sold 07/07/2025
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Property Image
SOLD

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

680 Old Dixie Highway

See Similar Deals
Industrial245,500 SF
Sold 07/07/2025
Shane Decker
Jeffrey Pechter
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:245,500 SF
Transaction Type:Sale

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
Shane Decker
22 deals$406M volume
BUYER
Jeffrey Pechter
Jeffrey Pechter
12 deals$137.9M volume
SELLER

Details

SOLD
IMAGE: Jeffrey Pechter & Patrick Carney DATE: 07/07/2025 ADDRESS: 680 Old Dixie Highway MARKET: Vero Beach ASSET TYPE: Industrial BUYER: Shane Decker - Decker Capital SELLER: Patrick Carney (@Carney6769) & Jeffrey Pechter - Mindful Capital Group SALE PRICE: $31,700,000 SF: 245,500 ~ PPSF: $129 NOTE FROM SELLER: Mindful Capital Group has recently completed a portfolio disposition of two multi-tenant industrial parks in Vero Beach and Daytona Beach for $31,700,000. Mindful acquired the assets in 2023 through separate transactions for an aggregate purchase price of $20,000,000. The sale aligns with the firm's strategy of consolidating their current light industrial portfolio into core Florida markets.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,690,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$112,623.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$150,274.17
Annual Debt Service$1,803,290.07