Simi Capital Acquires $31M Industrial Portfolio In Miami

Simi Capital Group, a real estate investment firm founded by Andrew Skydell and Jacob Diamond, has acquired an off-market industrial portfolio in Miami for $31 million.

The transaction, facilitated by The Katsikos Group, expands Simi Capital’s footprint in South Florida and strengthens its growing national platform.

The newly acquired property, located at 8505 NW 74th Street, includes 80,000 square feet of industrial space on 10.5 acres. Strategically positioned at the intersection of NW 74th Street and the recently expanded 87th Avenue, the site neighbors Blackstone’s Link Logistics development and is just two miles from Miami International Airport. With immediate access to key transportation routes, the site is well-suited for logistics, storage, maintenance, and manufacturing operations.

As part of the deal, Simi Capital successfully restructured a 10-year lease with long-term tenant Iron Container, securing the tenant’s ongoing presence. Iron Container was represented by Rene Vivo of Vivo Real Estate.

Despite broader economic headwinds, Miami’s industrial sector has remained strong through early 2025, with over 750,000 square feet of net absorption driven by e-commerce, food and beverage, and freight forwarding activity.

This acquisition follows Simi Capital’s recent purchase of a 1.5-acre industrial outdoor storage site at 3500 Milam Dairy Road, reinforcing its strategic focus on high-demand, niche industrial assets. Simi Capital maintains a significant presence in markets including South Florida, Charlotte, Nashville, Atlanta, Columbus, and across the New York–New Jersey metro region.