Updated Sep 4, 2026
Michael Arougheti Of Ares Management Acquires Industrial Portfolio From Carly Alford Smith For $108.71M
13190 Northwest 17th Street & 3811 West 108th Street
$108,713,263
$280/SF
Building Size
387,623 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
A 387,623-square-foot industrial portfolio located at 13190 Northwest 17th Street & 3811 West 108th Street was sold in the Miami and Hialeah market for $108,713,263. The price per square foot for the transaction was $280.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $108,713,263
- Square Footage: 387,623
- Price per Square Foot: $280
- Buyer: Michael Arougheti - Ares Management
- Seller: Carly Alford Smith
This transaction highlights Michael Arougheti’s acquisition representing Ares Management, taking over the portfolio from Carly Alford Smith of Brookfield Real Estate. The deal underscores the continued institutional interest in significant logistics hubs within South Florida.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93