The Real Deal Miami

Flagler Station sale inked

September 10, 2009 02:05PM

CB Richard Ellis said it had sold a 156,871-square-foot industrial facility located within Flagler Station at 10910 NW 92 Terrace in Miami. Rigstar II Holding Corporation paid $11.9 million, about $76 per square foot. Michael Silver, SIOR and first vice president, with CBRE’s Miami-Dade office represented the seller, First Industrial Realty Trust, in the transaction. Reshma Parvani with Parvani Commercial Group represented the buyer. The building was completed in 2007 and has never been occupied. TRD