The building is available for immediate occupancy and features 3,800 square feet of office space, 36-foot clear heights, 48 dock doors, two drive-in doors, 60 trailer parking spaces and ample automobile parking spaces and outdoor storage facilities.
CBRE’s Gordon Messinger, Joe Freitas, and Max Pawk represented Cypress Corporate Center ownership, HS Capital, in each of the transactions. Both Morgan Fidelity Associates and Control Point Associates were represented by Michael Feuerman and Daniel Silver with Berger Commercial Realty.
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.
The 102,913-square-foot Class A distribution facility features 32-foot clear heights, two drive-in bays, 18 loading docks, ESFR sprinklers, and 103 car parking spaces.
Prior to joining Colliers, he served as Senior Managing Director and Caribbean Market Leader at Newmark as well as Executive Vice President at CBRE.
The company also announced on October 17 that it plans to introduce a fourth options exchange platform headquartered in Miami.
Here are the most popular news headlines this past week on CRE-sources.
The sale price equates to $344,000 per unit.
The four-story modern masterpiece with majestic ocean views and high-class finishes is located at 4005 South Ocean Boulevard.
The 41-story mixed-use development will bring 306 condominium residences and 245,000 square feet of Class-A office space to Downtown Miami.