Miami City Self Storage Acquires Industrial Property In Medley For $32.95M

Located at 8600 NW South River Dr in Medley, this industrial property was recently sold in a transaction facilitated by Bryan Demello of Soflo Property Group LLC. The property spans over 162,000 square feet and was sold for a price of $32,950,000, resulting in a price per square foot of $203. The buyer in this transaction was Miami City Self Storage, while the seller was Megacenter.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $32,950,000
• Address: 8600 NW South River Dr, Medley
• Market: Medley
• Buyer: Miami City Self Storage
• Seller: Megacenter
• Seller's Representative: Bryan Demello - Soflo Property Group LLC
• Square Footage: 162,000
• Price per Square Foot: $203

This successful transaction highlights the strong industrial market in Medley. Bryan Demello of Soflo Property Group LLC played a pivotal role as the representative for the seller, Megacenter, ensuring a smooth process for all parties involved. Miami City Self Storage made a strategic investment in this industrial property, acquiring a significant asset to expand their portfolio.