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Shane Decker Peleg Amzalag And Aaron Werbel Acquire Industrial Portfolio In Vero Beach Daytona Beach For $50.4M

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Shane Decker

$50,400,000

SOLD
$50,400,000

Florida

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Industrial409,300 SF
Sold 07/07/2025
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Shane Decker

$50,400,000

SOLD

Shane Decker Peleg Amzalag And Aaron Werbel Acquire Industrial Portfolio In Vero Beach Daytona Beach For $50.4M

670 8th Court, 1516 State Avenue, 456 Lpga Boulevard & 640 Oak Place

See Similar Deals
Industrial409,300 SF
Sold 07/07/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:409,300 SF
Transaction Type:Sale

Decker Capital, in partnership with Viking Partners, has completed an off-market acquisition of a significant portfolio comprising 30 buildings that totals 400,000 square feet. The transaction involves multiple properties located at 670 8th Court, 1516 State Avenue, 456 Lpga Boulevard, and 640 Oak Place, situated within the Vero Beach and Daytona Beach markets in Florida. The total sale price for this industrial asset was $50,400,000, and it translates to a price per square foot of $123.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $50,400,000
  • Total Square Footage: 408,000
  • Price Per Square Foot: $123
  • Address: 670 8th Court, 1516 State Avenue, 456 Lpga Boulevard & 640 Oak Place
  • Market: Vero Beach & Daytona Beach
  • Buyers: Shane Decker, Peleg Amzalag & Aaron Werbel

Decker Capital, led by CEO Shane Decker, has positioned its partnership as the largest owner of small-bay light industrial parks in both key Florida markets. Partner and COO Peleg Amzalag is actively seeking new acquisition opportunities throughout Florida and the broader Southeast, indicating a robust strategy for future growth in industrial assets.

Players

22 deals$406M volume
BUYER

Details

SOLD
IMAGE: Peleg Amzalag, Shane Decker & Aaron Werbel DATE: 07/07/2025 ADDRESS: 670 8th Court, 1516 State Avenue, 456 Lpga Boulevard & 640 Oak Place MARKET: Vero Beach & Daytona Beach ASSET TYPE: Industrial BUYER: Shane Decker (@ShaneDecks), Peleg Amzalag (@Peleg_24) & Aaron Werbel SALE PRICE: $50,400,000 SF: 408,000 ~ PPSF: $123 NOTE FROM BUYER: Decker Capital, led by CEO Shane Decker, in joint venture with Viking Partners, has closed one of the largest small-bay industrial transactions of the year — an off-market acquisition of a 30-building, 400,000 SF portfolio across the Vero Beach and Daytona Beach markets in Florida. This strategic acquisition positions our partnership as the largest owner of small-bay light industrial parks in both key Florida markets. Decker Capital remains a leading buyer of small-bay industrial assets and is actively seeking new acquisition opportunities throughout Florida and the broader Southeast. For potential deals, please contact Partner and COO Peleg Amzalag at [email protected]

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

$2,688,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$179,060.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$238,921.71
Annual Debt Service$2,867,060.55