Faropoint Acquires Miami Gardens Industrial Property For $6.1M | 900 northwest 159th drive | Tom O'Loughlin, Larry Genet, Noah Ohayon, Zack Krawiec | Industrial | Sale

Summary

Sale

FLORIDA

Industrial

32,082 sqft

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.

Players

All
5

Agents
4
Agencies
1

Tom O'Loughlin

Senior Vice President

$300.3M Sold

Larry Genet

Senior Vice President

$303.5M Sold

Noah Ohayon

$95.3M Sold

Zack Krawiec

Transaction & Advisory Services

$20.4M Sold

CBRE

Details

Deal Summary

SOLD

IMAGE: Larry Genet, James Mendel, Tom O'Loughlin, Yannai Gordon, Noah Ohayon, Gabriel Kisber & Zack Krawiec DATE: 12/07/2022 ADDRESS: 900 Northwest 159th Drive MARKET: Miami Gardens ASSET TYPE: Industrial BUYER: Faropoint - Yannai Gordon, Gabriel Kisber & James Mendel SELLER: Gk Florida Realty BROKERS: Larry Genet, Tom O'Loughlin, Noah Ohayon & Zack Krawiec - CBRE SALE PRICE: $6,100,000 SF: 32,082 ~ PPSF: $190 NOTE FROM BROKERS: CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Associates Noah Ohayon and Zack Krawiec, negotiated the sale of a free-standing ±32,082-square-foot distribution center located at 900 Northwest 159th Drive within Sunshine State Industrial Park in Miami Gardens, Florida. Faropoint purchased the asset, which is situated on a ±57,000-square-foot lot, for $6,100,000 and has retained Genet and O'Loughlin to lease the warehouse, which is undergoing a full renovation.

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Address900 northwest 159th drive

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