The industrial property located at 3201 Northwest 116th Street in Miami was recently involved in a successful transaction. The property spans 77,430 square feet and was sold for $11,700,000, equating to a price per square foot of $151. The sale took place between Bridge Logistics Properties, the buyer, and GNB Partners, the seller.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,700,000
• Address: 3201 Northwest 116th Street
• Market: Miami
• Buyer: Bridge Logistics Properties
• Seller: GNB Partners

The transaction was facilitated by the team at ComReal, including brokers Edison Vasquez, Chris Spear, Patrick McBride, and Michaela Senior. ComReal, with almost 80 years of combined experience in the South Florida industrial market, has been instrumental in assisting business owners and investors in acquiring industrial assets. This seasoned team's expertise and established relationships have consistently led to successful outcomes for their clients.