Terreno Realty Corp Acquires Industrial Property In Hialeah For $39.4M

An industrial property located at 4151 West 108th Street in Hialeah has been sold for a price of $39,400,000. The property spans 221,000 square feet and is situated on 11.4 acres of land. The sale price equates to approximately $178 per square foot, while the price per acre stands at $3,456,140. The transaction took place on July 15, 2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $39,400,000
• Property Size: 221,000 square feet
• Address: 4151 West 108th Street
• Market: Hialeah
• Acres: 11.4
• Price per Square Foot: $178
• Price per Acre: $3,456,140

The buyer of the property is Terreno Realty Corp, represented by Blake Baird and Michael A. Coke. The seller is Florida East Coast Industries.