A group of millennial real estate investors close on a 70,000-square-foot, 6.5-acre multi-tenant industrial park.

The asset traded for $4,850,000 ($70 per square foot) and was sourced and syndicated by 30-year-old Shane Decker, who oversees Decker Capital, Inc., a privately held real estate investment firm based in Bay Harbor Islands, Florida that specializes in acquiring and managing off-market value-add industrial assets in Florida.

Decker Capital joint-ventured with a prominent 33-year-old Miami insurance litigation attorney and real estate investor Brett Schlacter and Mindful Capital, an industrial powerhouse operator led by its President, 32-year-old Patrick Carney.

The deal closed November 25.

The seller of the asset, a family limited partnership, built the two buildings over 30 years ago and a handful of the tenants have been occupants for more than two decades.

“Industrial has proven to be one of the strongest performing asset classes throughout Covid-19 and for that reason we are laser focused on acquiring quality warehouse assets in Florida where we can drive value to,” explained Decker. “This particular transaction fits under the small-bay category with bay sizes ranging from 1,000 to 4,300 square feet, which has experienced unbelievable continuous demand over the past few years. We are rooting for the local tradesman to succeed and are excited to add Hooper 76 LLC at 7641 Hooper Road to our portfolio to be a part of their success and to support the small-business community.”

Decker Capital will be managing the asset.

Jordan Simler and David Sarno of Valley National Bank provided the financing for the deal.

The property is conveniently located right off the Turnpike and Southern Blvd. in West Palm Beach.

About Decker Capital: Decker Capital specializes in sourcing value add commercial real estate opportunities specifically geared towards the small/mid bay industrial and office market. Decker Capital handles investment, property management and leasing in house with a goal of finding assets that require stabilization. For more information, visit https://www.decker-capital.com/.