$32.2M In Financing Secured For Small Bay Industrial Portfolio In Miami

JLL Capital Markets secured the $32.2 million financing for Aventura Small Bay Portfolio, a 210,219-square-foot shallow bay industrial portfolio in Miami.

JLL worked on behalf of the East Capital Partners to secure the floating-rate, three-year loan for the acquisition of the asset.

The portfolio consists of seven last-mile buildings situated on 11 acres, boasting a 100% occupancy rate with 41 active tenants.

Located at 19501 NE 10th Ave., adjacent to I-95 (the main north-south artery in South Florida), the property benefits from exceptional accessibility, visibility and connectivity. This strategic location provides convenient access to the robust labor and consumer markets of both Miami and Fort Lauderdale, enhancing the portfolio’s appeal and potential.

The JLL Debt Placement was led by Senior Managing Director Melissa Rose and Analyst Jovi Rodriguez.

“This transaction highlights strong demand for well-positioned, income-generating small bay properties offered below replacement value. The quality of the sponsorship, coupled with the asset’s potential for increased NOI, created intense competition on the debt financing,” Rose said.