Realterm Logistics Acquires Industrial Property In Airport East, Miami For $47.25M

The industrial property located at 7101 NW 32nd Ave in Airport East, Miami has been sold. The transaction took place on January 4, 2022. The property, spanning 277,000 square feet, was sold for a total price of $47,250,000, resulting in a price per square foot of $171. The seller of the property was Vectra Realty, represented by Jay Rosen and Thomas Gambino.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $47,250,000
• Address: 7101 NW 32nd Ave, Airport East, Miami
• Market: Airport East, Miami
• Buyer: Realterm Logistics
• Seller: Vectra Realty - Jay Rosen & Thomas Gambino
• Broker: Roberto Susi - Axiom Capital Advisors
• Square Footage: 277,000
• Price per Square Foot: $171

Roberto Susi, from Axiom Capital Advisors, served as the broker in the transaction. Realterm Logistics was the buyer of the property. The sale of this industrial property in Airport East, Miami marks a significant transaction in the market.