Cushman & Wakefield Arranges $71.55M Sale On Behalf Of Bridge Industrial

Cushman & Wakefield arranged the sale of Bridge Point Miramar, a 304,428 rear-load distribution center located in Miramar. The final sale price was $71.55 million.

Mike Davis, Rick Brugge, Dominic Montazemi and Rick Colon of Cushman & Wakefield, with assistance by Chris Metzger, Matt McAllister and Rick Etner, represented the seller, Bridge Industrial in the transaction.

Cabot Properties acquired the property. Metzger, McAllister and Etner have been retained to lease the property.

“This exceptional facility drew significant investor demand,” Davis said.

Located at 15501 SW 29th Street, the recently renovated building features tilt-up concrete construction, 32’ clear height, 50’ x 50’ column spacing, 46 dock-high doors, ESFR fire suppression and a 1.2 per 1,000 SF parking ratio.

“The proximity to the ports of Ft. Lauderdale and nearby amenities provide a strategic advantage for tenants,” Montazemi added.

The property’s location allows for convenient access to walkable amenities, restaurants and major retailers as well as direct accessibility to the area’s most important transportation arteries – Interstate 595, Interstate 75 and Florida’s Turnpike.