The property’s advantageous location allows for easy access to Miami International Airport (MIA) and the nearby MIA Cargo HUB, one of the largest cargo airports in the U.S.A., which aligns perfectly with GSO Aviation’s logistical and operational needs.
The purchase price of a 25-building industrial portfolio totaling ±1,393,972 square feet across Miami-Dade and Broward Counties equates to $238 per square foot.
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.
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.
Completion of a series of capital improvements at the 365,000-square-foot Class A office building contributed to the attraction of new office tenants.