CBRE represented the buyer, HMR 8081, LLC, and the seller, 8083 LLC, in the the sale of a free-standing ±7,128-square-foot small bay warehouse located at 8081-8085 NW 66th Street in Miami, which closed January 17. HMR 8081, LLC purchased the asset for $1,900,000, equating to $267 per square foot.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Associate Zack Krawiec, negotiated the transaction.
“Our team is grateful to have represented this estate sale and achieving an incredibly high price per square foot,” commented Genet. “We have eight other deals for sale in the Miami market and look forward to more closings in 2023.”
Built in 1982, the small bay property has been well maintained by the same owner for 40 years and is currently income generating with two of the three bays leased. The property has heavy industrial zoning and is fully fenced and secured and offers immediate access to all major highways.