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%.
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While working through the sale and due diligence period, Milopoulos secured a full-building tenant, East Coast Cabinetry, with the assistance of the tenant’s broker Richard D. Abraham, CCIM, SIOR, Broker-President with Abraham & Associates.
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.
Read on for the most popular news headlines this past week on CRE-sources.
The development team plans to transform the site into a modern, Class-A industrial campus featuring two warehouse buildings totaling approximately 182,000 square feet.
The sale represents the largest industrial land transaction in Martin County since 2023.