Colliers South Florida Closes On $4.5 Million Allapattah Warehouse Sale
Colliers’ Mitash Kripalani, Director of Investment Services, represented the seller in the transaction.
Colliers’ Mitash Kripalani, Director of Investment Services, represented the seller in the transaction.
Berger Commercial’s Brian Batchelder, Jonathan Thiel and James Karrat negotiated the deal.
The sale price breaks down to $166,000 per door.
The deals include 2 lease renewals, 1 renewal/expansion and 1 new lease deal.
The Butters Realty & Management Industrial Brokerage Team represented the interest while Tom O’Loughlin, Executive Vice President with CBRE represented the landlord in the deal.
The price equated to $577 per square foot.
The project will include 1,300 apartments, office and retail, and possibly a hotel.
Here are the most popular news headlines this past week on CRE-sources.
The 60,000 square foot warehouse is situated on 2.62 acres of land.
The 4,357-square-foot building, which is situated on .34 acres, is located within close proximity to the North Miami Beach City Hall and has been fully renovated to meet the latest building codes. The new owner plans to occupy the building.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
