Axis Realty Advisors Closes $2.115 Million Sale Of Miami Warehouse Property
The property totals 11,240 square feet and includes five bays with grade-level loading.
The property totals 11,240 square feet and includes five bays with grade-level loading.
The sale price works out to roughly $328 per square foot.
The move, the Chicago-based firm says, reflects the evolution of its business and operating platform after 25 years.
To accommodate the new tenant, Terreno also reached an agreement for the previous occupant to vacate ahead of its original August 31, 2026 lease expiration.
Jose Sasson Lerner and Roberto Susi of AXIOM Capital Advisors represented Seagis in the transaction.
Elias G. Patsalos, CCIM, MSIRE, President/Broker with Agora Real Estate Group, represented both the buyer and seller in the transaction.
With nearly 33,000 square feet in a highly competitive submarket, the property offers Longpoint Partners a foothold in one of the region’s most sought-after industrial areas.
The South Florida-based commercial real estate investment firm is targeting high-quality Southeast U.S. acquisitions.
The seller executed a sale-leaseback agreement at closing, allowing the company to continue occupying the property for 30 years.
The new roadway creates a critical north-south thoroughfare connecting NW 34th Street and NW 41st Street through the heart of Doral’s Central Business District.
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