178K SF Cold Storage Warehouse In Miami Changes Hands
Situated on 15 acres, the facility offers a 30-foot clear height, 29 loading docks, 236 parking spaces and 116,000 square feet of freezer space.
Situated on 15 acres, the facility offers a 30-foot clear height, 29 loading docks, 236 parking spaces and 116,000 square feet of freezer space.
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.
The JLL Capital Markets team representing the seller was led by Director Max La Cava, Senior Managing Director Brian Shanfeld, Managing Directors Jason Dewitt and Luis Castillo and Vice President Steven Okon.
An Ares Management Real Estate fund acquired the assets.
The new, two-building logistics facility totals 317,499 square feet.
JLL marketed the property on behalf of the seller, Aligned Bayshore Marina, LLC. Suntex Ventures, LLC purchased the asset.
Bank of America purchased the asset on behalf of a client, and JLL will lease the property for the new owner.
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