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| Tyler Williams |
HIALEAH, FL – With a just-closed, off-market buy in Hialeah, Florida, Denver-based EverWest Real Estate Investors has expanded its strategy of investing and improving assets in prime industrial locations.
Its latest purchase is located at 1101 E. 33rd St., an infill location in the heart of Miami’s Hialeah industrial submarket.
EverWest purchased
the 160,000-square-foot building for $13.1 million, or $82 per-square-foot.
“Hialeah is a
centralized location, in close proximity to Miami International Airport, major
thoroughfares and sought-after labor,” said EverWest Director of
Southeast Acquisitions Tyler Williams.
“The building is also
fully occupied with a stable rent roll, making it the perfect candidate for
long-term improvements – demonstrating EverWest’s continued ability to acquire
and enhance well-located industrial product in a highly competitive landscape.”
Andrew
Gurewitsch of Windsor Realty Partners represented the
building seller, a partnership between two local investors.
The Hialeah building
features 18’ to 22’ clear heights with functional dock-high loading, direct
rail access, heavy power and a large lot for high-volume trailer storage.
The building is
fully leased to two long-term tenants: IC Industries Inc., a leading South
Florida corrugated box manufacturing and delivery service, and Schwarz Partners
Packaging, part of an Indianapolis-based holding company with interests in
corrugated paper and packaging, with a focus on the full-circle renewable
process.
Andrew Gurewitsch
EverWest is an
active investor and lender across the United States, spanning industrial,
office, retail and multi-family product.
At the Hialeah
property, the company plans to implement a capital improvement program while
benefiting from the building’s stabilized tenancy in a submarket with strong
rent growth.
The approach continues EverWest’s push to acquire and improve
stable industrial assets in key U.S. growth markets – mirroring other
stabilized and value-add projects secured by the company this year in the
Seattle, Nashville and Denver metro markets, as well as a new acquisition in
Southern California’s Inland Empire.
About
EverWest Real Estate Investors LLC
EverWest Real Estate
Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real
estate investment and operating company based in Denver, Colorado.
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| 1101 East 33rd Street, an infill location in the heart of Miami’s Hialeah industrial submarket. |
The company’s goal is to
create significant value for investors through a combination of capital
appreciation, strategic acquisition, development, capitalization, repositioning
and management of commercial real estate assets.
For more information on EverWest, please visit www.everwest.com.
For more information on GWL Realty Advisors, please visit www.gwlra.com.
Contact:
Stacey
Hershauer
Phone: +1
480 600 0195
Email: stacey@focusaz.com
