Newmark Facilitates Off-Market Sale Of 191K SF Industrial Property

Newmark announced the off-market sale of a 190,707-square-foot industrial facility located at 14100 NW 60th Avenue in Miami Lakes.

A Brookfield Asset Management private real estate fund sold the property to Miami Lakes Industrial, LLC.

Newmark was the sole broker in the transaction, with Executive Managing Directors Steve Medwin and Nick Wigoda facilitating the sale.

14100 NW 60th Avenue offers significant value as an infill location with surplus land. The low-coverage property includes 13.2 acres, which can be used for additional parking or building expansion—a valuable feature for warehousing and distribution companies.

“14100 NW 60th Avenue is a strategically located infill property that we initially sold to a Brookfield private fund in an off-market deal during the pandemic,” said Medwin. “We were marketing the building for lease when we uncovered an interested party that preferred to buy. This property presents a unique opportunity for the new owners to use for their business.”

This freestanding warehouse features 38 dock doors, two ramps, heavy power, and more than 250 parking spaces, making it ideal for manufacturing, distribution, and logistics operations. Its strategic location offers excellent access to SR-826 (Palmetto Expressway), the Gratigny Parkway, and I-75.

 

 

-------------------------

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

And we promise…no more than one email each morning.

 

CLICK HERE TO SUBSCRIBE TODAY!