Updated Sep 23, 2026
SOLDIndustrial
Galash Capital Acquires 32,128 SF Multi-Tenant Cold Storage Facility At 500 NE 185th Street, Miami For $11.4M
500 Northeast 185th Street, 550 Ne 185th Street Are Located In Miami, Florida & 550 Northeast 185th Street
$11,400,000
$118/SF
Building Size
32,128 SF
Asset Type
Industrial
Closing
Sep 4, 2026
About this deal
AI
The property asset involved in this transaction is an industrial refrigerated cold storage facility located at 500-550 Northeast 185th Street in Miami. The sale price was $11,400,000 for a total square footage of 32,128. The property spans 2.87 acres and features 22 multi-tenant bays. Originally built in 1981, it underwent renovations in 2023.
Summary of transation details:
- Property Type: Industrial (refrigerated cold storage)
- Transaction Amount: $11,400,000
- Address: 500-550 Northeast 185th Street
- Market: Miami
- Size: 32,128 square feet
- Buyer: Marcos Galante and Alberto Galante - Galash Capital
- Seller: Yukon Real Estate Partners
- Closing Date: September 4, 2026
This deal involved Marcos Galante and Alberto Galante representing Galash Capital as the buyers, while Yukon Real Estate Partners acted as the seller. The property was strategically renovated to modern standards, ensuring its relevance in the current market.
On the Map
$11,400,000
$118/SF
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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93