Updated Jul 2, 2025
Longpoint Realty Acquires Miami Industrial Property For $59M
555 Northeast 185th Street, Miami, Florida 33179, United States
$59,000,000
$193/SF
Building Size
304,408 SF
Asset Type
Industrial
Closing
Dec 23, 2021
About this deal
AI
An industrial property located at 555 NE 185th Street and 320 NE 187th Street in Miami has been sold for a price of $59,000,000. The property spans 304,408 square feet, resulting in a price per square foot of $194. The sale took place on 12/23/2021, with Longpoint Realty acquiring the property from Stockbridge Capital Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $59,000,000
- Address: 555 NE 185th Street and 320 NE 187th Street, Miami
- Square Footage: 304,408
- Price per Square Foot: $194
- Buyer: Longpoint Realty
- Seller: Stockbridge Capital Group
The sale of this industrial property was facilitated by CBRE. Christian Lee, Jose Lobon, Amy Julian, and Royce Rose represented both the buyer, Longpoint Realty, and the seller, Stockbridge Capital Group, in this transaction.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Royce Rose to view all their deals.
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93