$32.2M In Financing Secured For Small Bay Industrial Portfolio In Miami
JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
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JLL Capital Markets arranged the financing for the 210,000-square-foot portfolio.
The bankruptcy petition estimates the Hollywood warehouse’s value at $3 million and the Dania Beach condos at $850,000.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
IPA’s Kirk Olson and Drew A. Kristol represented the seller and procured the buyer.
The 347,740-square-foot grocery-anchored retail center is situated on over 18 acres and boasts an impressive leasing rate of 98.3%.
Chris Spear of ComReal represented the buyer in the transaction, while Sky Groden of JLL represented Stonemont.
The leases total more than 11,500 square feet.
The 33-story tower spans 687,000 square feet.
The mixed-use property features a 20,150-square-foot class A office building with an attached 18,048-square-foot private hangar that can accommodate up to four planes, a luxury 2-bedroom/2-bathroom apartment overlooking the runway, and a prime development opportunity for fee simple-owned land zoned for additional airplane hangars or industrial development.
CBRE, represented by Chris Lee and Sean Kelly, alongside Blanca Commercial Real Estate, represented by Chris Gallagher, Christina Stine Jolley, and Andres Del Corral facilitated the transaction on behalf of the seller. The property was bought by Galium Capital.
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