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7501 Northwest 72nd Avenue

Tekton Construction Corp Acquires 2.6 Acre Industrial Site In Medley Florida For $6.6M
SOLDIndustrial

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

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:

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.

Players

Larry Gautier

NAI Global

Broker

$14.1M

vol

2 deals

Broker
NM
NAI MiamiBrokerage
TC
Tekton Construction CorpBuyer

Mulberry 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

2.40%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93