Badia Spices Purchases Miami Industrial Property For $44M

The industrial property located at 2200 NW 112th Ave in Miami, FL, 33172, was sold for $44,000,000. The warehouse spans 313,000 square feet and is situated in the Miami market. Badia Spices acquired this Class A industrial building at approximately $141 per square foot in the Dolphin Commerce Park.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $44,000,000.00
• Buyer: Badia Spices
• Buyer's Representative: Steve Medwin (Newmark)
• Seller: Tech Data
• Previous Owner: Rich Hume, Tech Data

Newmark’s Steve Medwin and Nick Wigoda represented Badia Spices in this significant deal. Badia Spices, a renowned spices and herbs manufacturer, completed the purchase of the warehouse, expanding its operations in the South Florida region. Tech Data, a leading IT products and services distributor based in Clearwater, sold the property to Badia Spices. The acquisition marks a substantial investment by Badia Spices, showcasing the company's strategic growth in the industrial sector.