Industrial Outdoor Storage Site Near Miami Int’l Airport Trades For $52 Million
Marc Smouha and Jonathan Marti with Corepoint RE brokered the off-market deal.
Marc Smouha and Jonathan Marti with Corepoint RE brokered the off-market deal.
Wayne Ramoski, Ivanna Leitner Perez, and Skylar Stein of Cushman & Wakefield represented the landlord in the lease negotiations. Will Falero of Pro Industrial represented one tenant while Ken Morris and Sky Groden of JLL represented another.
VSRE has also been contracted to develop apartment buildings, retail, and offices.
The three-building Class A portfolio is fully leased to six tenants.
At 17,000 square feet, the building is relatively small, showing that the unquenchable investor appetite for industrial space has led to a scarcity of big properties for sale, and investor willingness to turn to smaller buildings.
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