Two-building industrial property in Miami sells for $10.4M

A limited liability company led by Alan P. Matthews and John Matthews paid $211 per square foot to buy the property on North Miami Avenue

Miami /
Aug.August 11, 2018 10:00 AM

7101 North Miami Avenue (Credit: LoopNet)

A two-building industrial property in the West Little River neighborhood of Miami has been sold for $10.4 million.

The buyer paid $211 per square foot for the buildings at 7101 North Miami Avenue and 7111-7119 North Miami Avenue, which span a total of 49,260 square feet.

The new owner is 7101 N. Miami Ave. LLC, managed by Alan P. Matthews and John Matthews. The seller was Miami-based 170 NE 40 Street Inc., managed by Steve Rhodes.

Constructed in 1972 and 1974, the industrial buildings occupy a 1.64-acre site. The 34,420-square-foot building on the south side of the site last sold in 2006 for $2.6 million, and the previous sale price in 2012 for the 14,480-square-foot building on the north side was $750,000.

Tony Cho, Jack Conrad and Andres Nava of brokerage firm Metro 1 represented both the buyer and the seller in the transaction.

The seller also was represented by attorneys James Marx and Steven Rosenthal. [South Florida Business Journal] – Mike Seemuth


Related Articles

arrow_forward_ios
1930 Northwest 23rd Street with (from left) Shane Neman, Richard Kilstock and David Aaron (Getty, Arkadia, Neman Ventures)

Arkadia buys cold storage warehouse in Allapattah for $5M

Arkadia buys cold storage warehouse in Allapattah for $5M
Ron Bergeron with 3310 Northwest 24th Street (Credit: Facebook and Google Maps)

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)

Corcoran agent in Miami loses job over “racist and fear-based” marketing

Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 

Related switches gears on Terminal Island project, now plans low-rise offices

Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...