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.
Seeking massive warehouse portfolios, institutional buyers dominated the top five largest industrial deals in South Florida in 2023.
Miami-based Banco do Brasil Americas provided the mortgage to Flightway Ten. It covers the five-acre site at 6175 N.W. 102nd Ave. The developer purchased the property for $3.9 million in 2014 and was approved for 60,941 square feet of warehouses and 10,689 square feet of retail.
Said to be one of the most advanced refrigerated warehouses in South Florida, with the capability to store goods at 55 to negative-10 degrees, Bridge Point Cold Logistics Center in Hialeah was just sold to Boxer US Inc.,