Cushman & Wakefield Negotiates $8.55M Sale of Miami 25 @ MIC

The Cushman & Wakefield Team of Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell and Gian Rodriguez Represented DFJ East Properties LLC in the Disposition of the Small-Bay Flex Industrial Asset

MIAMI, March 15, 2019 — Cushman & Wakefield has negotiated the sale of Miami 25 @ MIC (Miami Intermodal Center), a 77,820-square-foot small-bay flex industrial property.

The Cushman & Wakefield team of Miguel AlcivarWayne RamoskiScott O’DonnellDominic Montazemi and Gian Rodriguez represented Miami-based DFJ East Properties LLC in the sale. MIA at 25th Street LLC acquired the asset for $8.55 million ($110 per square foot).

Miami 25 @ MIC is situated on a ±3.44 acre site at 3901 – 3977 NW 25th Street and 3900 – 3960 NW 26th Street in Miami. The property is strategically located across NW 25th Street from Miami Intermodal Center (MIC) and just east of Miami International Airport (MIA). MIC is a massive $2 billion multi-modal ground transportation hub developed by the State of Florida Department of Transportation. MIC encompasses Miami Central Station (MCS), a state-of-the-art facility connecting Tri-RailMetrorailMIA Mover, Greyhound and local bus lines, and the Rental Car Center (RCC).

Miami 25 @ MIC was 92.3 percent leased at the time of sale. Notable tenants include Fastenal, Doral Services and Planetcare.

“Miami 25 @ MIC is exceptionally well positioned at the hub of Miami’s public transit system and represented a tremendous opportunity for an investor to acquire a cash-flowing asset with future upside,” said Alcivar.

 

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.


Media contact:
Tyler Killette
Communications Specialist, Florida
+1 813-204-5341
tyler.killette@cushwake.com

2019-03-26T12:43:30-04:00March 15th, 2019|Capital Markets, In the News, Office, Press Release|