Terreno Picks Up Doral Industrial Project For $376 PSF
Completed in 2024, the project consists of two warehouses at 6450 and 6550 NW 97th Avenue on an 18.4-acre site.
Completed in 2024, the project consists of two warehouses at 6450 and 6550 NW 97th Avenue on an 18.4-acre site.
A previously announced ten-year lease for 82,000 square feet with an aircraft engine maintenance, repair and overhaul provider has been expanded to 92,000 square feet, and a new tenant has signed a lease for 72,000 square feet.
The portfolio was 91% occupied at the time of sale with 21 tenants.
The ten-year lease will commence upon completion of building construction and tenant improvements expected to be in June 2025.
The property consists of three 36-foot clear height rear-load industrial distribution buildings containing approximately 495,000 square feet on 23.4 acres.
The building has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033.
Building 39 of Terreno Realty Corporation’s Countyline Corporate Park, which is 100% leased to one tenant, is a 178,000-square-foot, 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars.
The deal brings Countyline Corporate Park Phase IV Building 33 to 67% pre-leased.
Countyline Corporate Park Phase IV consists of a 121-acre project entitled for 2.2 million square feet of industrial distribution buildings in Miami’s Countyline Corporate Park
His recent transactions include representing Terreno Realty Corporation in the off-market purchase of a 6.72-acre industrial site in Medley for $20 million and subsequently negotiating a 10-year lease for the full facility with a national credit tenant on behalf of Terreno.
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