NAI Miami | Fort Lauderdale Represents Interval Buyer, LLC In Acquisition For Future Class A Medical Office Development In Kendall
Upon completion of the MOB, NAI Miami | Fort Lauderdale will serve as the exclusive leasing representative.
Upon completion of the MOB, NAI Miami | Fort Lauderdale will serve as the exclusive leasing representative.
Cushman & Wakefield’s Stuart Duffin, SIOR, CCIM, and JJ Sanguily represented the seller in the transaction.
Senior Vice Presidents Steve Hyatt and Keith Graves, CCIM, SIOR represented the seller in the transaction.
The leasing assignment will be led by Berger Commercial Realty’s industrial brokerage team, including Keith R. Graves, CCIM, SIOR; Jonathan Thiel; Daniel Forman; and Lawrence Oxenberg.
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.
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.
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