CBRE Senior Vice President Larry Genet, Executive Vice President Tom O’Loughlin and Senior Associate Jake Zebede negotiated the sale of a 60,000 square foot warehouse on 2.62 acres of land located at 6721 NW 36th Avenue in Hialeah, Florida.
The seller was Forte Capital Management.
No other brokers were involved in the transaction.
The building is fully fenced and secured and serviced via 10 dock high doors and one ramp. Other features include concrete block construction, ±8% office build-out, 16’-20’ clear heights and on rail. The property is located 5 miles from Miami International Airport and only 7 minutes from all South Florida’s thoroughfares including the Florida Turnpike, I-95 and I-75. The property is zoned IU2, City of Miami.
The property sold for $6,530,540 or $115.00 per square foot.
About Tom O’Loughlin: CBRE Senior Vice President Tom O’Loughlin specializes in providing brokerage services to owners and occupiers of industrial property in the South Florida region. Tom’s experience incorporates representation for local, regional and national clients, and includes investment sales disposition, owner-occupant acquisitions, tenant and landlord representation. With over 15 years of experience in the real estate, Tom has provided oversight for more than $4B in leasing and sales transactions in South Florida. Tom holds the prestigious SIOR and CCIM designations and is an active member of CBRE’s Industrial Advisory Council—a select national group of professionals gathering and evaluating business intelligence to develop comprehensive business strategies for the company.
About Larry Genet: CBRE Senior Vice President Larry W. Genet has extensive experience in landlord agency, tenant representation, acquisitions, dispositions and property management. As a third-generation commercial real estate professional and South Florida native, Larry boasts deep community ties, an intimate knowledge of the South Florida market and numerous professional contacts. Larry’s leasing expertise of industrial, office and medical properties coupled with his experience in acquisitions and dispositions gives him the ability to represent a myriad of clients in the South Florida market.
About Jake Zebede: CBRE Senior Associate Jake Zebede specializes in commercial real estate sales and investments in the South Florida Region. Jake earned his undergraduate degree in business from NYU Stern and a post-graduate degree in Real Estate and Investments from UCLA. Jake grew up living and breathing South Florida real estate, and he has extensive knowledge of both local and national markets. He is fluent in English and Spanish.
