Cushman & Wakefield Brokers $12.8M Sale Of Industrial Asset In Miami To Azora Exan

The property involved in the transaction is an industrial asset located at 3486 Northwest 25th Street in Miami. The property spans 2.62 acres and includes a 20,599-square-foot facility. The sale price for this property was $12,800,000, translating to a price per square foot of $621. The transaction took place between buyers Arturo Vinueza & Ignacio Gil-Casares from Azora Exan, and the seller Joe Miller from Twenty Lake Holdings. The deal was facilitated by brokers Dominic Montazemi, Gregory Miller, Michael Ciadella, Miguel Alcivar, Scott O'Donnell, and Wayne Ramoski from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,800,000
• Address: 3486 Northwest 25th Street
• Market: Miami
• Buyer: Arturo Vinueza & Ignacio Gil-Casares - Azora Exan
• Seller: Joe Miller - Twenty Lake Holdings
• Brokers: Dominic Montazemi, Gregory Miller, Michael Ciadella, Miguel Alcivar, Scott O'Donnell, Wayne Ramoski - Cushman & Wakefield
• SF: 20,599
• PPSF: $621

Cushman & Wakefield played a crucial role in the sale of the Greyhound Maintenance Center in Miami's Palmer Lake neighborhood to Azora Exan. The property's strategic location near the Miami Intermodal Center presents redevelopment opportunities in a densely populated, transit-oriented area, adding value to the transaction.