Marcus & Millichap Arranges Sale Of 4.45-Acres Parcel, 12,000 SF Warehouse/Office For $17 Million In Off-Market Deal
Landy Toledo sourced the seller of the off market site, as well as the buyer, a private investor.
Landy Toledo sourced the seller of the off market site, as well as the buyer, a private investor.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
The Miami Gardens business park, owned and managed by Bridge Industrial, was named one of BOMA Miami-Dade’s Outstanding Buildings of the Year.
Terreno intends to develop eight additional buildings, slated for completion by 2025. At full build-out, the campus will total 2.2 million square feet.
The lease transactions in West Palm Beach, Broward and Miami-Dade Counties total 96,453 square feet on 12.5 acres.
Kroger expects to employ 90 associates at the new facility.
Members of the Miami team include Senior Vice President Carlyle Coffin; Vice President of Acquisitions Mike Lisch; Head of Strategy and Analytics Jason Warren; and Business Operations Manager Teresa Sanzone.
CBRE’s Larry Genet, Tom O’Loughlin, and Zack Krawiec negotiated the sale.
He has consistently been one of the nation’s top producers, receiving several industry achievements, including being named top producer for industrial capital markets in 2021.
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