Florida Power And Light Acquires Industrial Property In Miami For $7M

An industrial property located at 2200 Northwest 23rd Street in Miami has been sold in a closed transaction. The property spans 21,018 square feet and was sold for a price of $7,000,000, resulting in a price per square foot of $333. The buyer of the property is Florida Power and Light, while Orlando Otero acted as the seller. The transaction was facilitated by Miguel Solis from Douglas Elliman.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $7,000,000
• Address: 2200 Northwest 23rd Street, Miami
• Square Footage: 21,018
• Buyer: Florida Power and Light
• Seller: Orlando Otero
• Broker: Miguel Solis - Douglas Elliman

Florida Power and Light, the buyer of the property, is a significant player in the power industry. This acquisition expands their portfolio in the industrial sector. Orlando Otero, as the seller, has successfully closed another transaction in the Miami market. Miguel Solis from Douglas Elliman, who represented the seller, demonstrated his expertise in facilitating the deal.