Lee & Associates South Florida Senior Vice President Andrew Whitby represented the buyer of an industrial assemblage in southern Miami-Dade County’s Cutler Bay, a rapidly growing area. Whitby brokered three separate transactions involving different sellers in a nine-month span.
The assemblage includes a 6,140-square-foot warehouse at 18631-18637 SW 105th Ave., a 2,100-square-foot warehouse on two parcels at 18640 SW 104th Court and a vacant 7.500-square-foot lot. The buyer, 18631 LLC and 18640 LLC, purchased the site for a combined $3.68 million.
Whitby initially procured the buyer to purchase the 18631-18637 SW 105th Ave. from his client Overholt Construction Corp. in August 2023. He then represented the buyer in approaching the owners of the surrounding properties in the successful effort to unify the site. The buyer is in the approval process for a substantial renovation to the larger warehouse to create 5,000 square feet of modernized industrial space and 1,000 square feet of office space.
“Once renovations are complete, we will help the owner secure the right long-term tenant for the industrial building,” Whitby said. “South Miami-Dade County is a clearly defined industrial area, with tight inventory and significant demand. This site is wedged neatly between Florida’s Turnpike and US-1 and should generate major interest.”
Whitby specializes in industrial sales and leasing. He joined Lee & Associates South Florida in early 2022, bringing seven years of experience in both sales and leasing covering all areas of commercial real estate, including office, retail, apartments and a heavy focus in warehouse and industrial transactions.
Prior to joining Lee & Associates, Whitby served as a commercial real estate sales and leasing specialist with Southeast Property Management. While there, he aided clients with commercial property sales, leasing and property management, developing and executing strategic marketing plans, conducting ROI analysis on properties for potential investors and ‘best use’ analysis on specific properties.
Whitby’s extensive background in finance includes seven years working for a multi-strategy hedge fund, with a focus on credit and equity markets. He also has experience as a strategist and trade specialist in fixed income, equities, currencies and commodities.
About Lee & Associates | South Florida
Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent’s ability to earn profit share and the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making. The Lee & Associates’ robust national network that sold and leased nearly $32.4 Billion in 2022 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.
Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown our service platform to include over 75 offices in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
