First Industrial Realty Trust Acquires Industrial Property In Medley For $19.8M

First Industrial Realty Trust, represented by Peter E. Baccile and Johannson Yap, has purchased an industrial property located at 11601 NW 107th St, Medley. The property spans over 3.5 acres and offers a total square footage of 65,005. The deal was closed on July 12, 2022, with a sale price of $19,750,000, resulting in a price per square foot of $304.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $19,750,000
• Address: 11601 NW 107th St, Medley
• Market: Medley
• Acres: 3.5
• Buyer: First Industrial Realty Trust - Peter E. Baccile & Johannson Yap
• Seller: Top Shipping Systems Corp.
• Square Footage: 65,005
• Price Per Square Foot: $304

Peter E. Baccile and Johannson Yap, representing First Industrial Realty Trust, successfully acquired the industrial property in the Medley market. The transaction further solidifies the trust's presence in the area. Top Shipping Systems Corp. acted as the seller in the deal, demonstrating their willingness to negotiate a favorable agreement. The purchase price of $19,750,000 reflects the property's value and potential for future growth.