MIAMI—SanPer Industrial Park, a 46-unit industrial park located in the Doral/Airport West area, has a new owner. Swezy Realty of Miami Lakes purchased the industrial asset from San-Per Investments of Miami for $9.25 million.

CBRE's Private Capital Group arranged the sale of 39 small-bay warehouse condominium units spanning 162,515 square feet. The industrial park is located at 4709-4797 NW 72nd Avenue in Miami. CBRE represented the buyer and the seller. Alex Nuñez of Nuñez and Partners also advised the seller.

“Despite the fractured condo nature of the offering, the marketing effort attracted strong interest from a wide range of primarily private buyers, and to a more limited extent, institutional ones, who were drawn to the property's critical mass, strategic airport market location and upside through rental rate appreciation and/or condo exit,” says CBRE associate Miguel Alcivar. “Despite receiving higher offers, ownership ultimately selected Swezy Realty as buyer because of their local industrial experience and ability to close quickly and with certainty.”

Built in 1980 and later converted to condo in 2006, SanPer Industrial Park is a single-story warehouse condominium property with direct frontage on Milam Dairy Road. The industrial asset is located within two miles of the multi-modal South Florida Logistics Center, the Palmetto Expressway and the cargo entrance to Miami International Airport.

The small-bay units feature 16.5-foot clear ceiling heights and dock-high and grade-level loading entries. Smaller entrepreneurial trade/logistics-oriented companies are among the tenants.

In addition to Alcivar, the CBRE senior vice president Scott O'Donnell and vice presidents Dominic Montazemi and Jason Hochman also worked on the deal. CBRE senior vice president David Albert and vice president Devin White offered real-time industrial leasing market intelligence.