Previously based in Brickell, the tenant sought a larger footprint and a standalone building within a central business district to accommodate its growing team and evolving operational needs.
Berger Commercial Realty Vice President Lawrence Oxenberg and Senior Vice President Keith Graves, SIOR, CCIM, represented the buyer in the transaction.
The property, situated on 1.58 acres in Miami’s Airport East submarket, sold to a private real estate investor for $11,750,000, equating to $235 per square foot.
“This was a quick listing and closing cycle, which demonstrates the strong demand for this type of high-barrier-to-entry product,” said Everett. “We were able to generate significant buyer interest and close the deal in two months, which reflects the continued strength of the South Florida industrial market.”
While working through the sale and due diligence period, Milopoulos secured a full-building tenant, East Coast Cabinetry, with the assistance of the tenant’s broker Richard D. Abraham, CCIM, SIOR, Broker-President with Abraham & Associates.
The seller was represented in the transaction by Berger Commercial’s experienced team comprised of Senior Vice President Keith Graves, SIOR, CCIM, Sales Associate Daniel Forman, Senior Vice President Jonathan Thiel, and Vice President Lawrence Oxenberg.
C. Todd Everett arranged the sale on behalf of both the buyer and seller.
The park offers 344,940 square feet of purpose-built industrial space engineered for the region’s booming distribution and logistics needs.
The Class A logistics campus will feature two state-of-the-art buildings totaling more than 182,000 square feet. Construction is anticipated to be completed in the first quarter of 2026.
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.