Blueteck Secures Loan For New Industrial Project In Miami-Dade
Plans call for 75,080 square feet across two buildings.
Plans call for 75,080 square feet across two buildings.
Michael Alaoui, senior director investments in Marcus & Millichap’s Miami office, represented the seller and procured the buyer in an all-cash transaction.
The acquisition marks The Easton Group’s second acquisition within the Gratigny submarket.
A Miami-based importer and distributor of Latin American snack products will consolidate its two existing South Florida operations in Building 1 at Bridge Point Doral, signing a 32,478-square-foot, long-term lease.
Positioned directly off the Dolphin Expressway (SR 836) near NW 137th Avenue, the site is fully entitled for both an inland port operation and up to 90,000 square feet of truck terminal build out— an opportunity that doesn’t exist anywhere else in the Tri-County area at this scale.
The properties are currently 90% occupied with short-term leases and rents that lag the market by 60%–80%.
This deal marks one of the largest user purchases in recent history.
The portfolio was 91% occupied at the time of sale with 21 tenants.
Before joining Colliers, he served as a Director within Cushman & Wakefield’s Corporate Advisory Group.
The portfolio consists of two separate industrial parks, each featuring two dock-high front-load small bay warehouses.
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