Foundry Commercial And Ares Real Estate Fund Sell Midpoint Miami Logistics Park In Hialeah Gardens
10901 Southwest 148th Street
Building Size
312,834 SF
Asset Type
Industrial
Closing
Oct 8, 2025
AI
Midpoint Miami Logistics Park is an industrial asset located at 10901-02 Southwest 148th Street in Hialeah Gardens, encompassing a total square footage of 312,834. The property, constructed in 2021, is a two-building Class A industrial complex that is fully leased and strategically positioned near major transit routes, including Miami International Airport and the Port of Miami.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 312,834
- Address: 10901-02 Southwest 148th Street
- Market: Hialeah Gardens
- Seller: Paul Ellis - Foundry Commercial; Ares Real Estate fund
- Brokers: Luis Castillo & Cody Brais - JLL
Paul Ellis represented Foundry Commercial in the transaction alongside the Ares Real Estate fund. JLL served as the brokerage firm representing the sellers, with brokers Luis Castillo and Cody Brais involved in facilitating the deal.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93