Updated Mar 3, 2026
CenterPoint Properties Sells 17 Acre Industrial Outdoor Storage Site In Miami For $52.1M
3200 Northwest 67th Avenue
$52,100,000
Building Size
—
Asset Type
Industrial
Closing
Oct 29, 2025
About this deal
AI
This industrial asset, located at 3200 Northwest 67th Avenue in Miami, FL, encompasses 17 acres and has been sold for $52,100,000. The property was part of an off-market transaction facilitated by CorePoint RE.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $52,100,000
- Seller: CenterPoint Properties
- Brokers: Marc D. Smouha & Jonathan Marti - CorePoint RE
- Date of Sale: 10/30/2025
- Market: Miami, FL
Marc D. Smouha and Jonathan Marti represented the seller, CenterPoint Properties, in this transaction. CorePoint RE facilitated the deal, which highlights their nationwide activity in the real estate market.
On the Map
$52,100,000
Industrial
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Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93