Sold!  36,000SF Building Fronting Palmetto Expressway

The Miami Industrial Team at ComReal completed the sale of the building located at 5195 NW 77th Avenue, Miami, Florida, located East of Doral, inside unincorporated Miami-Dade County. The building is +/- 36,000 Sq. Ft. on a +/- 1.2  Acres lot, fully fenced. Frontage on Palmetto Expressway. Building has high security with back-up Generator and Heavy power. Sale price was $4,600,000 or $128/Sq. ft. The seller was Larian, LLC; the buyer for the building is Univista Insurance.  The new owner plans to make improvements to the building and set up some of their businesses there.


This building was originally built in 1971 and had been with the Seller’s family for a long time. It’s a solid and secured building, formerly used by a document storage company. Fully Air-Conditioned warehouse and great parking.  Additionally, the building is located inside an Opportunity Zone; offering investors the ability to defer capital gains.  ComReal Industrial team had experience with selling and leasing buildings fronting the highway. They were retained by the ownership to find a new owner for it. The expertise and tenacity of the team made it possible to complete the sale of the building.


There aren’t many buildings available fronting the Palmetto Expressway. Activity on this building was incredible!! This was a unique building that attracted a wide range of users. We saw users from car dealerships to performing theaters.  Through our marketing, we were able attract the right user for it.  Mentioned Edison Vasquez from ComReal.


The Miami industrial Market continues its strong growth. In the first quarter of 2019, the average sale price was $110/ Sq. F.  The market vacancy rate was 4.1%, staying constant as one of the lowest in over 10 years.


For more information on the transaction or other similar buildings in our inventory, contact the Miami Industrial Team at 786-433-2380


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