National Real Estate Investment Firm Purchases Small Bay Warehouse For $11,150,000

Independent commercial real estate brokerage firm APEX Capital Realty announced the sale of a small bay industrial property located at 14000 SW 140 St. in Miami n the Country Walk area.

Representing the Seller, Red Dot Builders, APEX’s CEO/Managing Broker Miguel Pinto, along with Commercial Advisors Adriano
Salucci and Nick Hernandez, facilitated the transaction.

Axiom Capital Advisors represented the Buyer, COFE Properties.

Seeing the need for a small bay warehouse in the unincorporated area, Red Dot Builders chose to build the property in 1990. They managed the warehouse for three decades prior to deciding to sell.

Buyer COFE Properties is a real estate investment company that is headquartered in South Florida. COFE Properties focuses on acquiring well-located multi-tenant assets that present great returns. The investment firm has nurtured relationships throughout the region for 20 years. It’s portfolio encompasses 3.5 million square feet of industrial, office, and retail assets in Florida, Georgia, and Texas.

14000 SW 140 St. presented a unique value-add investment opportunity to COFE Properties. The 52,466 square foot small bay warehouse sits on a 130,000 square foot lot and houses 24 bays. The property is conveniently located off SW 136 Street, which is only minutes away from Miami Executive Airport (Tamiami Airport). With a high demand for this kind of product and the low inventory in this ideal location, the Buyer eagerly jumped at the chance to acquire this property.

The $11,150,000 price tag, which is one of the highest purchase prices that this area has seen, showcases the unwavering investor appetite for
industrial assets.

Recently, the demand for spaces like the ones offered by the property has increased. This surge is due to the fact that the property has the ability to provide tenants with a flexible space at an affordable rate. By offering adaptable spaces, the owner is able to appeal to a wider pool of tenants while also capitalizing on the area’s pressing needs.

“The sale of 14000 SW 140 Street demonstrates the tremendous demand for industrial assets in this area. Knowing that interest in these types of properties will only increase as we move forward, there is no doubt that this strategic investment will yield great benefits for COFE Properties,” commented Salucci.”

Plans for the property include raising the rent to the market rate and to continue operating the small bay warehouse as an efficient income-producing property.