Cushman & Wakefield Arranges Sale Of Flex Building In Flagler Station
Cushman & Wakefield’s Miguel Alcivar, Stuart Gordon and Matthew Bittel along with Marcus & Millichap’s Derrick Dougherty represented the seller in the transaction.
Cushman & Wakefield’s Miguel Alcivar, Stuart Gordon and Matthew Bittel along with Marcus & Millichap’s Derrick Dougherty represented the seller in the transaction.
The ten-year lease will commence upon completion of building construction and tenant improvements expected to be in June 2025.
The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.
The sale price comes to approximately $362 per square foot.
In this role, the two executive leaders will work closely with the Altman Logistics Properties leadership team to provide advisory services focused on organizational growth, corporate strategy and real estate technology and innovation in support of the company’s business development and growth.
The park encompasses four warehouses that are 65% leased to six tenants.
Both projects total a combined 832,000 square feet.
The portfolio totals 1.4 million square feet across Miami-Dade, Broward and Palm Beach counties.
The portfolio totals 495,674 square feet.
The portfolio is primarily located in Miami-Dade, Broward, and Palm Beach counties and stands to benefit from the Golden Glades Interchange Enhancement.
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