The Real Deal Miami

Industrial property in Dania Beach sold for $27M

Aventura-based company bought the 535,000-square-foot site

November 26, 2014 10:30AM
By Heather Grossmann

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1416955922_Chris Metzger

Cushman & Wakefield’s Christopher Metzger

Bridge Point-Port 95, a new Dania Beach industrial park owned by Bridge Development Partners, was sold for $26.6 million on Nov. 25, Miami-Dade public records show.

The 535,200-square-foot property, located at 2650 SW 36 Street, was sold to MSG Dania Beach LLC, which is helmed by Saul Gilinski. MSG obtained an $18.9M mortgage from Bank of America for the property, according to Broward County records.

Bridge Development purchased the site in May of 2013 for $7.6 million from 36th Street Acquisitions Inc.

Cushman & Wakefield’s Christopher Metzger, Sky Groden and Richard Etner represented the seller, according to Bridge Development’s website. The company described the industrial park as a Class A state-of-the art designed property with 72 dock-high doors, eight drive-in doors, offices built-to-suit and 32-foot clear ceiling heights.

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