Sime Realty founders sell Medley industrial portfolio for $23M

Real estate investors Scott and Belinda Sime sold a Miami-Dade County industrial portfolio for $22.7 million. An affiliate of Miami-based WREV, led by Tyler Workman, bought three warehouses totaling 90,000 square feet at 6405 Northwest 82nd Avenue, 7500 Northwest 82nd Street, and 7361 Northwest 78th Street, records show. The properties are in Medley.  The Simes, a married couple who founded Coral Gables-based Sime Realty, provided WREV with $20.6 million in seller financing. The Simes represented themselves, and Pablo Vignolo and Raul Pino with The Hype Real Estate Group represented WREV, a press release states.  The buyer paid $253 a square […]This article originally appeared on The Real Deal. Click here to read the full story.