The strategically located site sits adjacent to Miami Executive Airport, just three miles from the Florida Turnpike in the heart of Miami-Dade County’s thriving industrial corridor.
The 124,500-square-foot property consists of two rear-load buildings completed in 2021.
JLL Capital Markets led the sales efforts for the 371,000-square-foot light industrial portfolio adjacent to Miami International Airport.
The warehouses total 102,038 square feet.
The off-market transaction was facilitated by Cody Brais and Luis Castillo of JLL.
The sale price equates to $214 per square foot.
He has consistently been one of the nation’s top producers, receiving several industry achievements, including being named top producer for industrial capital markets in 2021.
An Ares Management Real Estate fund acquired the assets.
Class A office rental rates are exceeding $75 gross in Coconut Grove.
The new, two-building logistics facility totals 317,499 square feet.
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