The Real Deal Miami

Tampa investors sell Palmetto Lakes Distribution Center for $4.4 million

August 20, 2012 03:00PM

The Palmetto Lakes Distribution Center in Opa Locka has been sold for $4.4 million, according to CBRE, which brokered the deal on behalf of Tampa-based seller JDRP Associates No. 5. The property, which is located at 4760 NW 165th Street in Opa Locka, was purchased by Caribbean Investments, a limited liability company based in Miami. Ron Berger, first vice president at CBRE, marketed the asset on behalf of the seller. Vivo Real Estate’s Carlos Velazquez represented the buyer. — Alexander Britell