Faropoint Acquires Miami Gardens Industrial Property For $6.1M

A free-standing ±32,082-square-foot distribution center located at 900 Northwest 159th Drive within Sunshine State Industrial Park in Miami Gardens, Florida, has been sold for $6,100,000. The asset, situated on a ±57,000-square-foot lot, was purchased by Faropoint. CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Associates Noah Ohayon and Zack Krawiec, represented the buyer and negotiated the transaction.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,100,000
• Address: 900 Northwest 159th Drive
• Market: Miami Gardens
• Square Footage: 32,082
• Price per Square Foot: $190

Faropoint, represented by Yannai Gordon, Gabriel Kisber, and James Mendel, acquired the distribution center situated on a ±57,000-square-foot lot within Sunshine State Industrial Park. CBRE brokers Larry Genet, Tom O’Loughlin, Noah Ohayon, and Zack Krawiec facilitated the deal and will continue to lease the warehouse on behalf of Faropoint as it undergoes a full renovation.