CenterPoint Properties Acquires Industrial Property In Medley For $8.6M

CenterPoint Properties has acquired an industrial property located at 10500 NW South River Drive in Medley. The transaction took place on November 15, 2021, with a sale price of $8,600,000. The property spans 17,711 square feet, resulting in a price per square foot of $486. The lot size is 159,865 square feet, equating to a price per square foot of $54.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,600,000
• Address: 10500 NW South River Drive, Medley
• Date: November 15, 2021
• Square Footage: 17,711
• Price per Square Foot: $486
• Lot Size: 159,865
• Price per Square Foot (Lot): $54

The seller of the property was Epling Leasing Company, represented by Dawn Peterson. The buyer was CenterPoint Properties. The transaction was facilitated by brokers Jose Sasson and Roberto Susi from Axiom Capital Advisors.

Please note that the contact information for Jose Sasson is (786) 393-8089 and [email protected]. Roberto Susi can be reached at (305) 528-3283 or [email protected]. Axiom Capital Advisors specializes in sourcing off-market deals.