Berger Commercial Realty/Corfac International Sales Associate Lawrence Oxenberg and Jonathan Thiel represented the seller, Harvest Land Investment II Inc., in the sale of a 36,963-square-foot, free-standing perishable food distribution building located at 5151 NW 165th Street in Miami Gardens, Florida.
The buyer, who was not disclosed, paid $5,350,000 for the asset. The deal closed June 29.
“There is a strong and growing demand in South Florida today for industrial buildings that can support perishable occupancy,” commented Oxenberg. “This property’s excess land also provides for future building expansion, a rarity here in South Florida.”
“The strategic and central location of this property near major highways combined with being ready for immediate occupancy also made it very appealing to the buyer,” added Thiel.
The buyer intends to utilize the property for perishable food distribution.
About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.
