 |
| Taylor Osborne |
JLL represented the seller, Cofe Properties, LLC, and procured the buyer, Miami Palmetto Property, LLC, an entity co-sponsored by East Capital Partners and ABR Capital Partners’ GP Investment Program.
 |
| Aaliyah St. Louis |
The
six-building portfolio is located at 6801-7500 NW 77th Ave. and boasts a high
occupancy rate of 91%. The front-load industrial buildings feature clear
heights ranging from 17 to 19 feet, providing ample vertical space.
Luis Castillo
The presence of 12 dock-high and 101
grade-level doors enhances the property's logistics capabilities. Additionally,
the property offers ample parking for tenants and visitors with 275 dedicated
spaces.
The
Miami-Dade market has proven to be a safe haven for investment assets. Limited
land supply, sustained demand and low vacancies have allowed landlords to maintain
strong rental rates.
The
robust tenant demand has also given developers confidence, as over nine million
square feet of new space delivered in 2021 and 2022 is already occupied at an
impressive rate of over 98%.
 |
| Cody Brais |
"This transaction is testament to the continued demand by investors for well-located shallow bay industrial that we are experiencing throughout Florida and the strong property level performance within the shallow bay property vertical.” said Cody.
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales and advisory, debt advisory, equity advisory or a
recapitalization.
The
firm has more than 3,000 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For
more news, videos and research resources, please visit JLL’s newsroom.
CONTACT:
Alli Stent
PR,
Hotels & Hospitality, Capital Markets
JLL
M +1 330 329 6750
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