Colliers Vice President Virgilio Fernandez and Associate Alain Crego represented the seller, Robinson Julien, in the transaction. The buyer was self-represented in the purchase of the site.
Newmark Managing Director Mitch Heifetz represented the tenant in the transaction. Additional transaction support was provided by retail advisors Andrew Connolly and Jake Siegel.
The industrial portfolio includes two single-tenant buildings totaling 98,201 square feet and the self-storage building totals 85,394 square feet.
Colliers Vice Chair Stephen Rutchik and Vice President Ana Paula represented Mana Properties in the transaction. Tere Blanca and Grant Gassman of Blanca Commercial Real Estate represented the tenant in the long-term renewal.
Read on for the most popular news headlines this past week on CRE-sources.
Longpoint’s purchase represents a value-add investment opportunity, as the firm looks to strengthen its foothold in Miami-Dade’s competitive industrial market.
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.
Residents will benefit from the unprecedented step of securing annual rental rates for 10 years.
The property, located at 7301 and 7301A W. Palmetto Park Road, spans 101,546 square feet across two boutique medical office buildings.
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.