Keyes Closes $26.88 Million Off-Market Miami Industrial Sale

The Keyes Company successfully brokered a $26.88 million off-market industrial real estate transaction in Miami.

The complex sale was exclusively handled by Tony Ulloa, Director of Commercial Sales and Leasing, and Marcos Macias, Investment Real Estate Advisor with The Keyes Company.

The Oct. 8 transaction involved two industrial properties totaling approximately 110,000 square feet across seven buildings located at 6700 NW 72nd Ave. and 7205 NW 68th St., collectively known as Milam Dairy Commerce Center I & II.

On the seller side, the duo navigated a challenging scenario involving a multi-generational, legacy-owned property held by the same families for many years. The sale required guiding three separate family groups through the negotiation process to reach consensus on price and terms.

Ulloa and Macias also streamlined the post-contract due diligence phase by coordinating all inspections and assisting the Buyer with sensitive lease negotiations involving the properties’ 87 tenants. The Keyes team directly renegotiated 12% of tenant leases to satisfy Buyer funding requirements.

“This transaction is a perfect example of how true value is created through relationships and expertise,” Ulloa said. “We managed the unique emotional and logistical complexities of a legacy asset sale involving multiple families, while also efficiently closing the deal for the Buyer in a highly competitive market. This sale underscores the continued strength and resilience of the Miami industrial sector.”

Based in Keyes’ Commercial Division office in Brickell, Ulloa and Macias specialize in high-value investment and industrial transactions. To date, The Ulloa Team has brokered over $500 million in commercial sales and leasing throughout the South Florida market.

“We applaud Tony and Marcos on another outstanding commercial real estate closing,” said Alberto Carrillo, District Sales Manager – Miami Beach. “This off-market transaction reflects their market-leading dealmaking capabilities, deep knowledge, and powerful relationships. At Keyes, we take pride in supporting associates like Tony and Marcos with best-in-class technology, marketing, and resources that set our platform apart.”