Justin Freedman Of Woodhill Real Estate Acquires 165,000 SF Industrial Asset In Miami For $32M
6800 Northwest 37th Avenue
$32,000,000
$193/SF
Building Size
165,000 SF
Asset Type
Industrial
Closing
Jun 3, 2026
AI
The asset involved in this transaction is an industrial property located at 6800 Northwest 37th Avenue in Miami. The sale price for the property amounted to $32,000,000, encompassing a total square footage of 165,000, which results in a price per square foot of $193.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Address: 6800 Northwest 37th Avenue
- Market: Miami
- Square Footage: 165,000
- Price Per Square Foot: $193
- Buyer: Justin Freedman - Woodhill Real Estate
- Seller: Richard Kronenberg
- Brokers: Alfredo Riascos & Yonatan Missika - Gridline Properties
Key individuals involved in this transaction include Justin Freedman representing Woodhill Real Estate as the buyer and Richard Kronenberg as the seller. The deal was facilitated by the brokerage team of Alfredo Riascos and Yonatan Missika from Gridline Properties, known for specializing in investment sales across Miami's submarkets.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93