Seagis Property Group LP (“Seagis”), one of South Florida’s most active industrial real estate owners and investors, announced it closed on the acquisition of a 60,831-square-foot warehouse and distribution facility located at 7481 Riviera Boulevard in Miramar. The property, which is being rebranded as Seagis @ Riviera Boulevard, is immediately available for lease, according to the new owners.
The transaction closed at $13.25 million.
Tommy Gil, Director at Vivo Real Estate Group, Inc. represented the buyer in the transaction, while the seller, Megacenter US LLC, was self-represented by Bryan Demello, Asset Manager.
“This is an attractive acquisition of a well located, newly constructed warehouse that offers prime frontage along the Florida Turnpike with easy access to the tri-county region,” said Bradlee Lord, Vice President, who is based out of Seagis’ local office in South Florida. “We purchased the building vacant and upon the completion of the interior build-out, we believe the building will be a top choice for today’s industrial users.”
Completed in 2021, Seagis @ Riviera Boulevard features 32’ clear ceiling heights, six dock-high doors, five drive-in doors, a 1.4/1,000 parking ratio and the flexibility to accommodate tenants from 25,000 to 60,831 square feet. The strategically located facility offers visibility with Florida Turnpike frontage and easy access across the tri-county region via South Florida’s major transportation arteries.
This acquisition expands Seagis’ South Florida regional foothold to 112 logistics properties, totaling more than 6 million square feet of investment-grade industrial space.
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