Longpoint Acquires 93,555 Square Foot Industrial Property In North Miami For $21.43M From N.E. 17th Avenue Corp

The property asset involved in the transaction is a 93,555-square-foot small-bay warehouse located at 13251 Northeast 17th Avenue in North Miami. It was sold for a total transaction amount of $21,430,000, translating to a price per square foot of $229. The asset encompasses an area of 3.05 acres.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,430,000
• Address: 13251 Northeast 17th Avenue
• Market: North Miami
• Square Footage: 93,555
• Price Per Square Foot: $229
• Buyer: Dwight Angelini - Longpoint
• Seller: Peter Manno - N.E. 17th Avenue Corp.

This transaction represents a notable acquisition for Longpoint, which had primarily adopted a selling strategy in South Florida's industrial market. The property consists of 26 units and is managed by Peter Manno, who is associated with the selling entity, N.E. 17th Avenue Corp.