Industrial Building In Medley Sells For $22M - Miami Airport Warehouses

The recently completed Airport North Logistics Center in Medley was sold for $22.02 million, or $120 per square foot.

Ridge Medley Partners, an affiliate of Transwestern Development Co.’s industrial development arm Ridge Development Co., sold the 184,008-square-foot industrial building at 9101 N.W. 87th Ave. to CFFI Airport North LLC, managed by CFFI Investors in Dallas.

Airport North Logistics Center was completed in 2016 with 32-foot clear ceiling heights. Ridge Development acquired the 9.75-acre site for $5.3 million in 2015 and obtained a $12.43 million construction loan.

The developer has future phases of Airport North Logistic Park advertised online.

Source: SFBJ