The property asset involved in the transaction is an industrial facility located at 8375 Northwest 56th Street, in the Doral market. The sale price was finalized at $8,875,500, encompassing a total square footage of 21,334, translating to a price per square foot of $416. The facility is situated on a lot size of approximately 1.76 acres and features a freestanding building, with a price per acre calculated at $5,042,897.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,875,500
• Buyer: Heavy Equipment Co
• Seller: Louisiana Machinery Co
• Brokers: Edison Vasquez, Chris Spear & Michaela Senior - ComReal
• Square Footage: 21,334
• Price per Square Foot: $416
• Lot Size: +/- 1.76 Acres
• Price per Acre: $5,042,897

The deal was facilitated by the ComReal Industrial Team, consisting of Edison Vasquez, Chris Spear, and Michaela Senior, who focus on the outdoor storage and industrial service facility asset class. The heavy equipment industry continues to thrive, prompting buyers to seek larger sites as they expand operations across South Florida.