Matt Reich Leases 25,000 SF Freezer Cold Storage To Tenant Ilya In North Miami

The property involved in this transaction is an industrial asset located at 501 Miami Gardens Drive in Miami. The lease covers a total area of 25,000 square feet and is classified as a freezer cold storage facility. The asking rent for the space is set at $19 per square foot, and the lease is structured as a NNN lease with a term of 5 years.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19/ft
• Square Footage: 25,000
• Lease Term: 5 years
• Lease Type: NNN Lease
• Landlord: Matt Reich
• Tenant: Ilya
• Broker: George Smith - Smith Commercial Property Group
• Date of Transaction: 07/27/2026

This transaction highlights the successful collaboration between the landlord, Matt Reich, and the tenant, Ilya. Broker George Smith from Smith Commercial Property Group represented both parties, ensuring a smooth negotiation process leading to a favorable outcome for both sides.