RLIF East 5 LLC Acquires Industrial Property In Miami For $14.8M

Located at 7480 NW 48th St in Miami, the property is a 51,392-square-foot industrial facility. The asset, currently fully leased to Ferguson Enterprises, sits on over four acres of land. It features 23.8-foot clear heights, more than 50 parking spaces, and is in proximity to Miami International Airport. Zoned for industrial and heavy manufacturing use, this warehouse and showroom property offers a variety of industrial and commercial uses in South Florida’s airport submarket. The transaction price for this property was $14.8 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,800,000.00
• Address: 7480 NW 48th St, Miami, FL, 33166
• Market: Miami
• Seller's Representatives: Miguel Aclivar (Cushman & Wakefield), Wayne Ramoski (Cushman & Wakefield)
• Buyer: RLIF East 5 LLC
• Square Footage: 51,392

Cushman & Wakefield's Miguel Aclivar and Wayne Ramoski represented the seller, DFJ Properties West LLC, in the transaction. On the other side of the deal, RLIF East 5 LLC emerged as the buyer. The property's leasing to Ferguson Enterprises, a distributor of plumbing supplies, waterworks, and fire and fabrication products, was a key factor in the attractiveness of this asset. The strategic location of this industrial facility in Miami, combined with its features and zoning, added to the value proposition for both the seller and the buyer.