The sale of three brand new construction condo warehouses in Miami's Little River neighborhood has set a record-breaking price point for this asset class. These properties, located at 7744 NW 6th Ct, 7771 & 7811 NW 7th Ave, are part of the industrial market in Little River. The transaction took place on 01/10/2022 and the sale price was $8,275,000, with a total square footage of 20,527. This equates to a price per square foot of $403.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,275,000
• Address: 7744 NW 6th Ct, 7771 & 7811 NW 7th Ave
• Market: Little River
• Buyer: Andrew Carton & Barry R. Lundgren
• Seller: Josephine Investments - Alberto Sbarra
• Buyer's Representative: ZYX Capital
• Seller's Representative: Irene Dakota - Gridline Properties
• Square Footage: 20,527
• Price Per Square Foot: $403

This transaction was facilitated by Irene Dakota from Gridline Properties, representing the seller, Josephine Investments - Alberto Sbarra. ZYX Capital represented the buyer, Andrew Carton & Barry R. Lundgren. The sale price achieved in this transaction has set a new benchmark for similar condo warehouses in the area. The developer is scheduled to deliver three more similar properties by Summer 2022.