Aventura Business Park sells for $17.3 million

Aventura Business Park
Aventura Business Park

Aventura Business Park in Aventura has sold for $17.3 million, The Real Deal has learned.

The 203,567-square-foot industrial warehouse park sold for an average of $85 per square foot, according to Marcus & Millichap.

The buyer was San Francisco-based real estate investment firm Bristol Group, while the seller was MP Ives, a limited liability company that is based in Arizona, according to data from the Miami-Dade County Property Appraiser’s office.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Douglas Mandel, vice president for investments at Marcus & Millichap’s Fort Lauderdale office, represented the buyer and the seller.

The property, which is located just off I-95 and Ives Dairy Road, was first built in 1989. It consists of three buildings in total.

The park is located at 20725 NE 16 Avenue in Aventura.