Transwestern Brokers Off-Market Warehouse Acquisition In Miami

Transwestern Real Estate Services’ South Florida Industrial team has brokered the acquisition of a 32,904-square-foot industrial property at 8855 NW 35th Lane in Doral for $9.7 million.

Senior Vice President Carlos Gaviria, Executive Managing Directors Ben Eisenberg and Walter Byrd and Managing Director Thomas Kresse represented the buyer, Jet Engine Technology Corporation, in the transaction.

“The property was originally built for an aviation repair user with heavy power and a fully air-conditioned warehouse, so we knew it was a perfect fit from the first tour,” said Gaviria. “Understanding Jet Engine Technology Corp’s long-term business objectives, we worked diligently to secure the asset with an unsolicited purchase offer.”

Founded in 1997, Jet Engine Technology Corporation provides jet engine maintenance services to the commercial airline industry. The new facility is located one mile from the company’s headquarters and will fulfill overflow and storage needs as the enterprise grows.

Transwestern’s South Florida Industrial team provides creative solutions that maximize real estate value through a sophisticated and proven methodology that helps meet and exceed financial objectives. With nearly 100 years of combined experience, the team uses deep market knowledge and industry expertise to uncover hidden opportunities and capitalize on shifting market dynamics.

Cushman & Wakefield’s Skylar Stein represented the seller in the transaction.