The strategically located site sits adjacent to Miami Executive Airport, just three miles from the Florida Turnpike in the heart of Miami-Dade County’s thriving industrial corridor.
A previously announced ten-year lease for 82,000 square feet with an aircraft engine maintenance, repair and overhaul provider has been expanded to 92,000 square feet, and a new tenant has signed a lease for 72,000 square feet.
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.