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Multi-Bay Industrial Property Sold in Medley, FL at 8436 NW 61st St. for $2,425,000

Successful Sale of 8436 NW 61st St

In a seamless transaction, we successfully facilitated the sale of a prime industrial property located at 8436 NW 61st St, in the vibrant neighborhood of Medley, FL. Our team, including leading brokers Christian N. Peter II and Carlos Ruiz, played a pivotal role in orchestrating this sale. This property stands out due to its strategic location in a bustling industrial hub and its expansive lot size.

Sale Overview

Sale Price: $2,425,000
Address: 8436 NW 61st St, Medley, Miami, FL
Asset Class: Industrial
Price per Square Foot: $115.69

Building Specifications

The building boasts significant industrial space with an efficient layout.

Year Built: 2005
Stories: 1
Lot Dimensions: Generous lot size conducive for large-scale operations
Total Rentable Square Footage: 20,965 SF

Location Benefits

Proximity to Major Highways: Easy access to major transportation routes such as the Palmetto Expressway, SR 836 and I-95
Nearby Attractions: Close to Miami International Airport and Port of Miami, enhancing global connectivity
Transport Links: Well-serviced by public transit options and major commercial routes
Business Environment: Surrounded by thriving businesses and industrial establishments

Sale Details

This remarkable property in Medley was sold for $2,425,000, reflecting a price per square foot of $115.69. The transaction was completed with Dark Horse Commercial representing both the buyer, demonstrating a seamless experience and smooth transaction.

Full Price: $2,425,000
Buyer Name: Royal Oaks Executive Suites
Seller Name: Malina-Tress Development Corp.
Seller Type: Corporation

Market Analysis

The industrial real estate market in Greater Miami, specifically in Medley, is experiencing robust demand due to its strategic location and thriving economic landscape. This property aligns perfectly with current market trends, meeting the high demand for well-located industrial spaces.

High Demand: The Miami industrial market is characterized by low vacancy rates and rising rental prices.
Strategic Location: Medley's proximity to key logistics and distribution centers makes it a coveted area.
Investment Potential: Increased interest from both national and international investors.

Conclusion

This property's strategic location and expansive layout make it an excellent investment, contributing significantly to the industrial real estate market of Miami. Our expertise in navigating complex transactions ensured a smooth sale process, solidifying our reputation as leaders in commercial real estate brokerage.