Miami warehouse of 60,000 sq. ft. sold
A 60,000 sq. ft. warehouse building at 7379 NW 31st Street sold last week for $4,750,000 (or about $79 psf). The warehouse is a “Class B” property with dock height loading, heavy electric, fully sprinklered and the Miami warehouse was full air conditioned. The Property was foreclosed on by the lender, Great Florida Bank, then placed on the market for sale. The new owner is Martinez Distributors and they are in the food distribution business.
ComReal represents several other warehouse buildings in the Airport West & Doral neighborhoods for lease and/or sale. Please contact us anytime or visit my personal website at www.EdwardRedlich.com for more information. Thank you very much.
Note: ComReal was not involved in this transaction. This is public information on Miami’s industrial real estate market.
Opa Locka Warehouse Sold!
Edward Redlich and Chris Spear of ComReal Miami, Inc. announce the sale and purchase transaction of a 24,000 sq. ft. warehouse, located at 2400 NW 150th Street in the Opa Locka-Hialeah area. The sales price was $1,100,000 paid “all cash”; no financing. The Seller was 2400 Holdings; the Buyer was Eight Investment Corp. The Buyer is in the auto parts manufacturing business and is originally from Venezuela.
ComReal Miami continues to serve more international companies than ever before. We have recently assisted companies from Hong Kong, Colombia, Spain, Peru, Venezuela, Brazil, Argentina and more, all looking for warehouse space here in Miami.
Gate Gourmet Leases Miami Warehouse
Redlich Negotiates Lease for 55,000 square foot Miami Warehouse!!!
July 2003 – Edward J. Redlich, Vice-President of ComReal Miami, Inc., has successfully negotiated two simultaneous transactions for a large industrial building in Miami Airport West.
Ed Redlich was first retained by Fashion Marketing International (FMI), a national trucking company, to sub-lease their excess space at 1855 NW 70th Avenue in Miami, Florida. The property consists of a 55,000 sq. ft. warehouse on 2 acres. Marketing efforts procured Gate Gourmet, one of the largest airline caterers in the country. They needed to secure a new location immediately because their former facility was placed under eminent domain for Miami International Airport’s expansion.
The landlord, Faith Freight Forwarding, negotiated the buyout of the existing lease with FMI while simultaneously creating a new lease with Gate Gourmet. “I believe that all three parties benefited: FMI reduced their lease obligations in half; Gate Gourmet acquired a facility that best suits their needs; and Faith secured a credit tenant with a long term lease.” – states Ed.
Faith Freight Forwarding was very pleased with the industrial Realtor’s performance: “His expertise in the market allowed us to negotiate a very competitive rental rate as well as help us overcome obstacles during the negotiation process that were impeding the completion of the agreement.” FMI was also very satisfied with Redlich’s results: “His efforts allowed FMI to focus more on it’s Miami operations rather than maintaining real estate.” – says John Kurowski, VP.
For more information on Ed Redlich and ComReal’s commercial real estate services, please visit www.miamiwarehouseteam.com
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