HighBrook Investors Acquires Industrial Portfolio In Miami Dade And Tampa For $70.4M

Americas Commercial Real Estate represented the buyer, HighBrook Investors, in the acquisition of four industrial buildings located at 3455 NW 54th Street, 5400 NW 32nd Court, 5530 NW 32nd Court, Miami, FL 33142, and 6708 Harney Road, Tampa, FL 33610. The industrial portfolio includes approximately 750,050 SF of warehouse space and a land parcel totaling about 13.2 Acres. The sale price for the portfolio was $70,375,000, with a price per square foot of $94 and a price per acre of $56,822. The transaction took place off-market, indicating a direct negotiation between the buyer and the seller.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $70,375,000
• Square Footage: 750,050 SF
• Price per Square Foot: $94
• Acres: 13.2
• Price per Acre: $56,822

HighBrook Investors, an institutional investment firm founded in 2010, acquired the industrial portfolio. They seek superior risk-adjusted returns through direct real estate investing and manage equity on behalf of various institutional investors. Americas Commercial Real Estate, represented by Alexander Bernaldo, SIOR, worked with Lee S. Katsikos, SIOR from the Katsikos Group, in this transaction. The Katsikos Group provided mentorship and guidance to Bernaldo during the deal. This partnership between Americas Commercial Real Estate and HighBrook Investors presents a significant opportunity in the industrial real estate market.