Miami Gardens warehouse sells for $6M

Seller bought the warehouse for $4M in 2006

16215 Northwest 15th Avenue, Miami Gardens (Google Maps)
16215 Northwest 15th Avenue, Miami Gardens (Google Maps)

The owner of a manufacturer of plastic bins and steel shelving bought a Miami Gardens warehouse for $6 million.

Larry Groll, owner of Miami-based Quantum Storage Systems, bought the 64,000-square-foot warehouse at 16215 Northwest 15th Avenue inside Sunshine State Industrial Park, according to a press release.

The seller was Custom Stainless Steel Equipment, which used the building for manufacturing, according to the release. Custom Stainless plans to expand to a larger facility on Florida’s West Coast.

Custom Stainless bought the building in 2006 for $4.1 million, according to records. It was built in 1968. Custom Stainless is led by Antonio D. Carnero.

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Edison Vasquez, Patrick McBride, Ed Redlich and Chris Spear of ComReal brokered the sale. The property had a $7 million asking price, according to an online listing.

Earlier this year, ComReal’s industrial team landed two leases at 1120 Northwest 165th Street inside the industrial park, and sold the 31,000-square-foot warehouse at 1585 Northwest 163rd Street, also in the park, for $2.8 million.

Other recent industrial sales in the area include Miami-based Midtown Capital Partners buying an industrial property in Opa-locka for $11 million, and the family of a previous speaker of Florida’s House of Representatives selling a Miami Lakes warehouse for $6 million.