Realterm Logistics Acquires Industrial Property In Miami For $14.7M With Buyer's Rep Robert Fordi & Seller's Rep David Janney

An industrial property located at 7480 Northwest 48th Street in Miami has been sold in a transaction that closed on December 30, 2021. The property spans approximately 4.4 acres and has a total square footage of 51,392. The sale price for this transaction was $14,700,000, resulting in a price per square foot of $286.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,700,000
• Address: 7480 Northwest 48th Street, Miami
• Market: Miami
• Asset Type: Industrial
• Acres: 4.4

Realterm Logistics, represented by Robert Fordi, acquired the property from ADJ Properties, represented by David Janney, in this transaction. The buyer's representative in the deal was Robert Fordi from Realterm Logistics, while the seller was represented by David Janney from ADJ Properties. Wayne Ramoski and Miguel Alcivar, both from Cushman & Wakefield, served as the brokers in this deal.