MIAMI—Denver-based DCT Industrial Trust is betting on Miami Gardens. The company just snapped up a 211,000-square-foot distribution facility in the Sunshine State Industrial Park there.
DCT paid Aventura-based Groupe Pacific $11.8 million, or $56 per square foot, for the industrial asset. Located at 1400 Northwest 159th Street, the industrial property is 100% occupied.
The CBRE professionals representing the buyer included vice president Devin White, senior vice president David Albert and associate Andrew Lehrer. Ted Konigsberg of Infinity Commercial represented the seller.
“DCT was able to acquire a building in a business park that has performed well over the years due to its proximity to the Broward and Miami-Dade County ports and airports as well as the Golden Glades interchange, which allows companies easy access to all parts of Florida,” White says. “These attributes made the property attractive to DCT from an investment standpoint.”
The industrial property is one of the premier warehouse/distribution buildings in the North Dade market. The asset offers quick access to major South Florida highways, 24-foot to 26-foot clear ceiling heights, cross-dock loading, and a fenced/secured truck court. The industrial property has a strong tenant mix of regional, national and international companies.
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