Safco Capital Acquires Multi-Building Industrial Portfolio In Miami Dade County For $20M

A multi-building industrial portfolio in Miami Dade County, Miami has been sold in a package deal. The properties included in the portfolio are located at 3550 NW 54th St, 3601 NW 123rd Street, 17260 NW 2nd Court, and 3580 NW 54 Street. The transaction took place on September 16, 2022. The buyer, Safco Capital, represented by John Safi, acquired the properties from the seller, BB Holdings, which is associated with Brian Smith of JLL. The deal was facilitated by brokers Luis Castillo and Cody Brais from JLL.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $20,000,000
• SF: 103,000
• PPSF: $194

This sale marks the transfer of ownership for the multi-building industrial portfolio. Brian Smith of JLL, affiliated with the selling entities, finalized the transaction. The deal was successfully managed by Luis Castillo and Cody Brais from JLL.