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MIAMI—Sunrise Distribution Center, a three-building class A industrial portfolio in Sawgrass International Corporate Park in Sunrise, FL has traded for $39 million. Denver-based Industrial Income Trust acquired the industrial asset from Irving, TX-based Cobalt Capital Partners.

Located at 900 International Parkway, 14599 NW 8th Street, and 13801 NW 4th Street, the industrial portfolio is 100% leased to five quality tenants. Cobalt purchased the buildings in August 2010 at 91% occupancy with one vacancy. Cobalt leased the vacant space and renewed two other tenants on a long-term basis during its ownership.

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