out-of-state real estate investment firms. ABR Capital and East Capital Partners acquired two four-story office buildings and six industrial warehouses. The seller, an affiliate of Miami-based Cofe, paid $7.8 million for the 7.7-acre property in 2017.
Located in Miami’s Doral submarket, the building sits on approximately 4.74 acres near the intersection of Florida State Road 826 and Florida State Road 836, just three miles west of Miami International Airport and five miles east of the Florida Turnpike.
The buyer of all three deeds was Southeast Commercial LLC, an affiliate of Salt Lake City-based Property Reserve. Industrial rent has surged in Miami-Dade County in recent years, so new warehouses have often sold for a premium.
In Seven Supply Chain Predictions for 2024, the logistics development powerhouse makes some appropriately large-scale forecasts. And how did Prologis’s forecasts for 2023 fare? A bit mixed, but more right than wrong.
Seeking massive warehouse portfolios, institutional buyers dominated the top five largest industrial deals in South Florida in 2023.