Tyler Workman Acquires Industrial Asset In Miami For $16 Million With Hype Real Estate Group
3400 Northwest 67th Street
$16,000,000
$220/SF
Building Size
72,466 SF
Asset Type
Industrial
Closing
Sep 16, 2025
AI
This industrial asset encompasses 72,466 square feet located at 3400 Northwest 67th Street in the Miami market. The sale was finalized at a price of $16,000,000, reflecting a price per square foot of $220.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 3400 Northwest 67th Street
- Market: Miami
- Square Footage: 72,466
- Price per Square Foot: $220
- Buyer: Tyler Workman
- Brokers: Pablo Vignolo & Raul Pino - The Hype Real Estate Group
The transaction was conducted off-market, with Hype representing both the seller and buyer, ensuring a seamless transfer. The team specializes in off-market deal flow across various asset types, operating in multiple states including Florida, Georgia, North Carolina, Virginia, and the Northeast, supported by their offices in Miami and New York City.
Players
Miami 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93