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South Florida

Northeast Miami-Dade warehouse park sells for $17.5M

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.

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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

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Commercial Real EstateMarcus MillichapReal Estate Companies