JLL Capital Markets brokers sale of the Quirch Foods' 178,000 SF cold storage warehouse at 7600 82nd Place in Miami, FL

 

Taylor Osborne.

 MIAMI, FL –  JLL Capital Markets handled the sale of the 178,428-square-foot cold storage facility located at 7600 NW 82^nd Place in Miami, Florida. JLL represented the seller in the sale to BGO. The price was not disclosed.

 Luis Castillo

Situated on 15 acres, the facility offers a 30-foot clear height, 29 loading docks, 236 parking spaces and 116,000 square feet of freezer space. The property is fully leased to Quirch Foods, an international food distribution company and one of America's Largest Private Companies (#132 Forbes).

Cody Brais

The facility offers seamless access to Florida’s Turnpike, US-27 and State Road 826 (the Palmetto Expressway) and is located near the Miami International Airport and the Port of Miami.

 

The JLL Investment Sales and Advisory team was led by Managing Director Luis Castillo, Senior Director Cody Brais and Associate Taylor Osborne.

"With an aging supply, high entry barriers and increased space requirements, the cold storage sector is experiencing remarkable growth," said Castillo.

“The specialized nature and high costs of developing state-of-the-art cold storage make existing facilities like this one highly sought after, resulting in a competitive, landlord-friendly market.”

SOLD: the 178,428-square-foot cold storage facility located
at 7600 NW 82^nd Place in Miami, FL

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

 Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

$19 million refinancing secured by JLL Capital Markets for Cable Business Park in the Inland Empire market at Upland, CA

 

Jalynn Borders

LOS ANGELES, CA –  JLL Capital Markets has secured a $19.2 million refinancing of Cable Business Park, an 11-building industrial park spanning 283,164 square feet in Upland, California. JLL represented Cable Commercial Center, LLC to secure the fixed-rate, five-year loan through Principal Asset Management ^SM

.  

Alex Olson 

Built in 2004, the park is fully leased to 41 diverse tenants who have collectively contributed to the site’s remarkable 99% average occupancy rate since 2016. The property offers a wide variety of suite sizes ranging from 1,500 to 39,000 square feet, featuring 18–24-foot clear heights, ample parking and dock-high/ground level loading.

The property also features 10 airplane hangars with direct access to the adjacent Cable Airport, the largest privately owned public-use airport in the United States which adds unique value to the property by accommodating executive and tenant travel needs.

Cable Business Park, an 11-building industrial park
spanning 283,164 square feet in Upland, CA

Situated in the Inland Empire West submarket, Cable Business Park benefits from its strategic location near major transportation corridors, including the I-10, I-15 and I-210 freeways. The industrial park is well-positioned to take advantage of Southern California's integral distribution channels, connecting businesses to critical infrastructure and dense population centers throughout the region.

The JLL Debt Advisory team was led by Director Alex Olson and Associate Jalynn Borders.

For more news, videos and research resources, please visit JLL’s newsroom. 

 

CONTACT

 

Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com