Faropoint Affiliate Acquires Miami Industrial Complex For $12.8 Million

An industrial complex along Northwest 64th Street in Miami has sold for $12.8 million, adding another transaction to the region’s active warehouse and logistics market.

The property includes buildings at 8351, 8361, 8371, 8381 and 8391 Northwest 64th Street and spans approximately 51,000 square feet. Based on the reported sale price, the transaction equates to roughly $251 per square foot.

The seller was an LLC managed by Mayra Martinez and Nella Martinez. The buyer was an affiliate of Faropoint Ventures, a real estate investment firm known for targeting industrial properties in logistics-focused markets.

The sale reflects continued demand for smaller and mid-sized industrial assets in Miami-Dade County, particularly properties positioned near major transportation routes, Miami International Airport and established warehouse districts. As available industrial land remains limited across the county, investors continue to compete for functional, well-located warehouse properties that can serve local distribution, service, storage and last-mile logistics needs.

For users and investors, the transaction is another sign that Miami’s industrial market remains resilient despite broader shifts in the national real estate cycle. Properties near the airport and surrounding warehouse corridors continue to benefit from access to dense population centers, major highways, cargo activity and South Florida’s role as a gateway for domestic and international trade.

The Northwest 64th Street sale also highlights the appeal of multi-building industrial complexes, which can offer flexibility for multiple tenants, owner-users or future repositioning strategies.