Berger Commercial Realty Brokers Sale Of Victoria Park Multifamily Property
Senior Vice Presidents Steve Hyatt and Keith Graves, CCIM, SIOR 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.
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.
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