Three Miami-Dade Warehouses Sell For $38M
Rodolfo Alvarez in Southwest Ranches manages all three of the sellers.
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Rodolfo Alvarez in Southwest Ranches manages all three of the sellers.
When completed, the distribution complex will encompass three LEED-certified warehouse buildings totaling over 495,000 square feet.
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
The state-of the-art 1,818-space garage features solar energy in an investment to install 360 photovoltaic (PV) panels that create a solar power generating system on the top floor to offset electrical grid impact by converting sunlight into electricity.
Tony Arellano and Devlin Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
The buyer’s plans include a multifamily development on the site.
The 55,046-square-foot property sits near the Intracoastal Waterway and features a mix of neighborhood restaurants and high-end retail stores.
The property last traded for $39.5 million in 2010, equating to $99 per square foot.
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The law firm was previously located in Brickell.
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