Breaking News: $16M Industrial Property Sold in Miami! đź’°
On November 22, 2024, a significant industrial property sale was finalized at 2900 Northwest 39th Street, Miami, for a total of $16,025,000. The transaction was led by brokers George Smith and Seth Woods from Smith Commercial Property Group, who represented the buyer, Alex Stahl of Jios, in acquiring this valuable asset.
Transaction Details
Address: 2900 Northwest 39th Street, Miami.
Sale Price: $16,025,000.
Size: 264,409 square feet (~ PPSF: $60).
Asset Type: Industrial Property.
Buyer: Alex Stahl, Jios.
Seller: Francisco Aguirre Family Trust.
This IOS (Industrial Outdoor Storage) site, strategically located just off the 112 ramp onto NW 27th Ave, offers tremendous potential for industrial development and storage, making it a key investment in Miami’s competitive real estate market.
Broker’s Note:
“We’re proud to have facilitated this transaction representing our client Jadian in acquiring such a well-located IOS site,” stated George Smith. “At Smith Commercial Property Group, we specialize in identifying opportunities in industrial, IOS, development land, and investment properties. Our team works tirelessly to secure the best deals for our clients.”
About Smith Commercial Property Group
With extensive expertise in the industry, the Smith Commercial Property Group team is committed to providing tailored services for buying, leasing, and selling commercial properties in South Florida.
If you’re looking to acquire, lease, or sell a commercial property, their team is available 24/7/365 to meet your needs.
Direct Contact:
George Smith: 305-359-6119 | george@smith-cre.com
Seth Woods: 805-746-3387 | seth@smith-cre.com
For more details about this transaction, visit the following link: https://traded.co/deals/florida/industrial/sale/2900-northwest-39th-street/
Growing in Miami’s Market
This transaction highlights the dynamic nature of Miami’s industrial real estate market, a city that plays a key role in trade, logistics, and investment opportunities. Deals like this underscore the importance of working with a dedicated team of experts with deep market knowledge.