Paul & Louis Cramer Sell Industrial Asset At 5650 Northwest 36th Avenue In Miami For $5.8M

The industrial property located at 5650 Northwest 36th Avenue in Miami has been sold for a transaction amount of $5,800,000. The property comprises 49,301 square feet, resulting in a projected price per square foot of $117. This asset was an off-market listing, emphasizing its unique positioning in the competitive market of Hialeah.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,800,000
• Address: 5650 Northwest 36th Avenue
• Market: Miami
• Sale Price per Square Foot: $117
• Seller: Paul & Louis Cramer
• Brokers: Jose Montero, Junior Ferrer & Brendan Schneier - The Hype Real Estate Group
• Square Footage: 49,301

The Hype Real Estate Group represented both the buyer and the seller in this transaction, demonstrating their capability to execute a noteworthy price per square foot within the industrial sector. They specialize in sourcing competitively priced off-market industrial and retail properties, as well as land development sites across multiple states including Florida, Georgia, North Carolina, Virginia, and the Northeast, with offices in Miami and New York City.