Miami Gardens commercial site sells for $19M

The property sold for 61% more than its last sale price in 2016

TRD MIAMI /
Oct.October 22, 2019 01:30 PM
1000 Park Centre Boulevard, Joe Le Bas

1000 Park Centre Boulevard, Joe Le Bas

Concorde Group Holdings sold two commercial buildings near Miami Gardens for $19.4 million, a 61 percent increase from the last sale price in 2016.

The Boca Raton-based real estate investment firm sold the 139,495-square-foot
buildings at 900 and 1000 Park Centre Boulevard for $139 per square foot, records show. Park Centre Partners LLC, which is tied to Kenneth Israel of Hallandale Beach-based KEI Properties, bought the property.

KEI Properties secured a $11.5 million loan from Wells Fargo to acquire the property.

One of the two buildings houses Chen Senior Medical Center, a family-owned primary and specialty care practice.

The property last sold for $12 million in 2016. It sits on a 7.9-acre lot and is right off the Palmetto Expressway. The buildings were built in 1987.

Investors are increasingly looking to acquire industrial and commercial properties in the Miami Gardens area.

In September, private equity giant Blackstone bought two industrial properties in Miami Gardens for $13.6 million.

In July, Longpoint Realty Partners acquired an industrial park at 1400 Northwest 159th Street in Miami Gardens from ProLogis for $25 million.


Related Articles

arrow_forward_ios
Tony Robbins and 2951 Electronics Way, West Palm Beach (Getty, Google Maps)

Tony Robbins buys West Palm Beach warehouse for production studio

Tony Robbins buys West Palm Beach warehouse for production studio
Jon Gray, 16100 Northwest 49 Avenue and 16200 Northwest 49 Avenue, Miami Gardens (Credit: Google Maps)

Blackstone snags eight industrial properties in Miami-Dade

Blackstone snags eight industrial properties in Miami-Dade
Roger DeLisle of Island Associates and 17237 NW 27th Avenue, Miami Gardens (Credit: Google Maps)

Winn-Dixie-anchored shopping center sells for $14M

Winn-Dixie-anchored shopping center sells for $14M
Jason Tenenbaum of Prologis, Stephanie Rodriguez of Duke Realty and Ross Giglio of Terrano Realty

Industrial development, rents and leasing stable in South Florida, but uncertainty remains: panel

Industrial development, rents and leasing stable in South Florida, but uncertainty remains: panel
(iStock)

SoFla industrial market’s Q2 is strongest quarter in three years

SoFla industrial market’s Q2 is strongest quarter in three years
Ed Easton and 501 103rd Avenue North (Google Maps)

Easton Group sells Royal Palm Beach warehouse for $16M

Easton Group sells Royal Palm Beach warehouse for $16M
Sean Dalfen and 3774 Interstate Park Road North

Dalfen Industrial snags Serta Simmons building in West Palm for $25M

Dalfen Industrial snags Serta Simmons building in West Palm for $25M
Ivy Realty CEO Anthony P. DiTommaso, Jr., and 650 Northeast 185th Street (Credit: Google Maps)

Ivy Realty snags industrial freezer in Miami for $13M

Ivy Realty snags industrial freezer in Miami for $13M
arrow_forward_ios

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

Loading...