Longpoint Partners Acquires Off Market Industrial Asset In South Florida

Longpoint Partners has expanded its South Florida industrial footprint with the acquisition of a 32,869-square-foot property in Hialeah Gardens for $8.1 million.

The property, located at 9800 NW 79th Ave, traded on March 9. The seller was Penareal, LLC. Will Falero, SIOR, managing partner at Pro Industrial, represented both the buyer and seller in the transaction.

On the buyer side, Alex Sanchez, who leads the acquisitions team for Longpoint Partners, played a key role in the deal, further underscoring the firm’s continued focus on industrial opportunities in South Florida.

Hialeah Gardens remains one of Miami-Dade’s most active industrial submarkets, attracting investors and owner-users alike because of its central location, strong connectivity to major roadways and proximity to Miami’s core logistics corridors. Assets in this part of the market continue to draw attention as supply remains limited and demand for well-located industrial space stays strong.

The acquisition adds another South Florida industrial asset to Longpoint Partners’ portfolio at a time when investors are still targeting infill locations with long-term operational and strategic value.

With nearly 33,000 square feet in a highly competitive submarket, the property at 9800 NW 79th Ave offers Longpoint Partners a foothold in one of the region’s most sought-after industrial areas.