The Real Deal Miami

Northeast Miami-Dade warehouse park sells for $17.5M

Property is located next to Interstate 95
December 08, 2014 05:50PM

A satellite view of the warehouse park

Satellite view of the warehouse park.

A 10.2-acre warehouse park located near Interstate 95 has been sold for $17.5 million.

Marcus & Millichap represented the seller, The Adler Group. The buyer is an Aventura-based company led by Jorge Linkewer and Mario Grosfeld. The property is located at 1600 Northeast 205th Terrace and has nine buildings occupying 215,921-square-feet of space, according to a news release.

The building complex includes an air-conditioned warehouse with office space and 75 loading bays ranging in size from 1,000 to 18,000 square feet.

“This was a unique opportunity for an investor to acquire an industrial asset with ample acreage and functional design in a true infill location with superior distribution access,” said Douglas Mandel, a Marcus & Millichap vice president, in the release.  Chris Guanche