MIAMI, FL, Sept. 19, 2012 - Colliers International South Florida is pleased to announce the purchase of 42,391 square feet of Miami warehouse on behalf of buyer North American Clutch Export Company.
Achikam Yogev, Senior Vice President, represented the buyer in the $1.47 million transaction of the property located at 3501 NW 54th Street, Miami, FL (top left photo). The property sold for below market average at $35 per square foot.
North American Clutch is a leading distributor of clutches and brakes to Mexico and Latin America. "We searched for several months for the client and were fortunate to find the right fit for both the buyer and seller," says Yogev. "The transaction was financed with an SBA loan."
North American Clutch will be building out new office space to fit their needs as a regional headquarters. The buyer had rented property in Opa Locka for years and decided to take advantage of the opportunity to purchase in the Airport East submarket. They were drawn to the building's highlights including 17' clear ceiling heights, a new roof and M-2 industrial zoning.
Contact:
Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138
Email: crystal.proenza@colliers.com
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