Midtown Capital Partners Acquires Industrial Asset In Doral And Miami For $85.998M

The asset involved in this transaction consists of multiple industrial properties located at 8571 & 8601 Northwest 54th Street, 8570, 8550, 8312, 8280, 8253 & 8275 Northwest 56th Street, 5601 & 5582 Northwest 79th Avenue, 6045 Northwest 82nd Avenue, 8215 Northwest 64th Street, 8430 Northwest 68th Street & 7200 Northwest 58th Street, in the Doral & Miami market. The total sale price was $85,998,000, encompassing approximately 290,500 square feet, resulting in a price per square foot of $296.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $85,998,000
• Total Square Footage: 290,500
• Address: 8571 & 8601 Northwest 54th Street, 8570, 8550, 8312, 8280, 8253 & 8275 Northwest 56th Street, 5601 & 5582 Northwest 79th Avenue, 6045 Northwest 82nd Avenue, 8215 Northwest 64th Street, 8430 Northwest 68th Street & 7200 Northwest 58th Street
• Buyer: Midtown Capital Partners
• Seller: Waas Realty & 12 separate ownership groups
• Buyer's Representatives: David Spillers, Michael Fay, Brian de la Fé - Avison Young; Michael Waite - Miami Warehouse Real Estate; Tommy Gil & David Olalde - Industrial Advisors Miami
• Seller's Representative: Martin Waas - Waas Realty

This transaction involved multiple brokers representing both the buyer and the seller. The buyer, Midtown Capital Partners, was represented by a team comprising David Spillers, Michael Fay, and Brian de la Fé from Avison Young, along with Michael Waite from Miami Warehouse Real Estate, and Tommy Gil and David Olalde from Industrial Advisors Miami. The seller, Waas Realty and 12 separate ownership groups, had Martin Waas representing them in the deal.