IP Capital Acquires Industrial Cold Storage Facility In Miami From Sun Belle Inc For $28.3M

The asset involved in this transaction is an industrial cold storage facility located at 2323 Northwest 72nd Avenue in Miami, Florida. The property spans 77,607 square feet and was sold for $28,300,000, which translates to a price per square foot of $365.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $28,300,000
• Address: 2323 Northwest 72nd Avenue
• Market: Miami
• Buyer: IP Capital
• Seller: Sun Belle, Inc.
• Brokers: Cody Brais, Luis Castillo & Taylor Osborne - JLL
• Financing Team: Christopher (Chris) Drew, Michael DiCosimo & Jovi Rodriguez - JLL

Key individuals involved in this transaction include Cody Brais, Luis Castillo, and Taylor Osborne representing JLL as brokers, facilitating the sale process. Additionally, the financing team, comprising Christopher Drew, Michael DiCosimo, and Jovi Rodriguez, also from JLL, played a significant role in securing the acquisition financing.