Ali And Faisal Ahmed Purchase 190707 Square Foot Warehouse In Miami Lakes From Bruce Flatt For $38.2M

Ali and Faisal Ahmed have purchased a 190,707-square-foot warehouse located at 14100 Northwest 60th Avenue in the Miami Lakes market for $38.2 million. The property spans 13 acres and includes potential space for parking or expansion. The facility is currently leased to tenants such as Taggart International and Amerifleet Transportation and was sold by Bruce Flatt of Brookfield Asset Management.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $38,200,000
• Square Footage: 190,707
• Address: 14100 Northwest 60th Avenue
• Market: Miami Lakes
• Price Per Square Foot: $200
• Buyer: Ali & Faisal Ahmed
• Seller: Bruce Flatt - Brookfield Asset Management
• Broker Representatives: Nick Wigoda & Steve Medwin - Newmark

The transaction was notable for its timing, occurring on October 28, 2024, with the Ahmed brothers, who are auto dealers, significantly exceeding the previous sale price from four years prior. This acquisition was facilitated by the brokerage services of Nick Wigoda and Steve Medwin from Newmark.