Midtown Capital Partners Acquires Industrial Asset In Miami Gardens For $21.5 Million

The industrial property located at 5220 Northwest 163rd Street in Miami Gardens has been sold for $21,500,000. The asset comprises a total of 82,800 square feet, translating to a price per square foot of $259.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,500,000
• Buyer: Midtown Capital Partners
• Seller: TA Realty
• Brokers: Zach Levine, Douglas Mandel & Joshua Gilbert - Marcus & Millichap
• Date of Transaction: 01/24/2025

The deal was facilitated by the brokerage team from Marcus & Millichap, representing both parties in the transaction. The brokers involved are Zach Levine, Douglas Mandel, and Joshua Gilbert.