Miami-Dade Industrial Portfolio Trades In Nine-Figure Deal
A 10-building small-bay industrial portfolio spanning nearly 730,000 square feet has changed hands in Miami-Dade County, underscoring continued investor interest in infill industrial assets.
A 10-building small-bay industrial portfolio spanning nearly 730,000 square feet has changed hands in Miami-Dade County, underscoring continued investor interest in infill industrial assets.
The deal brings a new tenant to the Miami-Dade industrial asset less than a year after Longpoint Partners acquired the property.
Longpoint was represented by Jose Sasson-Lerner and Roberto Susi of Axiom Capital Advisors. Ralph Merritt of Commercial Property Group represented the seller in the off-market transaction.
With nearly 33,000 square feet in a highly competitive submarket, the property offers Longpoint Partners a foothold in one of the region’s most sought-after industrial areas.
The building features 24’ clear span heights, a 335’ building depth, 49 loading positions, and 95’ to 150’ truck court depths.
The 72,866-square-foot industrial property, strategically situated in South Florida’s thriving industrial market, presents a significant opportunity for Longpoint Partners to expand its portfolio in the region.
The portfolio totals 1.4 million square feet across Miami-Dade, Broward and Palm Beach counties.
The portfolio is primarily located in Miami-Dade, Broward, and Palm Beach counties and stands to benefit from the Golden Glades Interchange Enhancement.
Senior Vice Presidents Keith R. Graves, CCIM, SIOR and Jonathan Thiel as well as Sales Associates Daniel Forman and Lawrence Oxenberg will spearhead the leasing initiatives for a diverse range of buildings within the portfolio.
Will Falero, President with Pro Industrial LLC, represented both the buyer and seller in the transaction, which closed January 10.
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