Jamie Dimon & Eugene Afranie Of J.P. Morgan Investment Management Acquire Industrial Assets For $38.5M

An industrial asset located at 11900 Southwest 128th Street, 11905 Southwest 128th Street & 12176 Southwest 128th Street in Kendall, FL was sold for a total of $38,500,000. The property comprises a 152,816-square-foot warehouse and parking lot that sold for $24.5 million and a 63,770-square-foot warehouse that sold for $14 million. The properties have a combined square footage of 252,099 and a price per square foot of $153.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $38,500,000
• Buyer: Jamie Dimon & Eugene Afranie - J.P. Morgan Investment Management
• Seller: Scott Brown - Intersect Development Group
• Lender: Bank of America
• Mortgage Amount: $33,800,000
• Total Square Footage: 252,099
• Price Per Square Foot: $153

This transaction involved key individuals such as buyer representatives Jamie Dimon and Eugene Afranie, who are associated with J.P. Morgan Investment Management, and Scott Brown, the seller, affiliated with Intersect Development Group. The financing for the acquisition was secured through a mortgage from Bank of America specifically covering both properties involved in the sale.