Updated Jul 17, 2026
Tekton Construction Corp Acquires 2.6 Acre Industrial Site In Medley Florida For $6.6M
7501 Northwest 72nd Avenue
$6,600,000
Building Size
—
Asset Type
Industrial
Closing
Jul 16, 2026
About this deal
AI
A 2.6-acre industrial site located at 7501 Northwest 72nd Avenue, Medley, FL, was sold for $6.6 million. The property features an existing industrial facility and has frontage along Milam Dairy Road.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,600,000
- Buyer: Tekton Construction Corp
- Seller: 7501 Medley Civil LLC
- Brokers: Larry Gautier & Michael Holmquist - NAI Miami | Fort Lauderdale
In this transaction, Tekton Construction Corp acquired the site from 7501 Medley Civil LLC with NAI Miami | Fort Lauderdale facilitating the deal. Details regarding the buyer's plans for redevelopment or operation of the site were not disclosed.
On the Map
$6,600,000
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93