Updated Feb 6, 2026
Raymond Wu Purchases Industrial Property From Pendergast Family For $1.5M In Jamaica
93 12 179th Place & 178th Place
$1,500,000
$164/SF
Building Size
7,600 SF
Asset Type
Industrial
Closing
Jan 26, 2026
About this deal
AI
The industrial asset located at 93-13 178th Place & 93-12 179th Place in Jamaica has been sold for $1,500,000. The property encompasses 9,100 square feet, resulting in a price per square foot of $165.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Buyer: Raymond Wu
- Seller: Pendergast Family
- Broker Representation: Shaun Riney, Sean Fopeano & David Cornejo - Marcus & Millichap
Marcus & Millichap represented the seller in the transaction and successfully procured an end-user buyer for the property.
Players
Jamaica 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93