Manny Rivas Purchases Industrial Asset At 13015 Northwest 38th Avenue For $10.5 Million

The industrial property located at 13015 Northwest 38th Avenue in Opa Locka was sold for $10,500,000. This asset encompasses a total area of 49,810 square feet, reflecting a price per square foot of $210.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,500,000
• Buyer's Name: Manny Rivas
• Seller's Name: Fernando Bautista
• Buyer's Representative: Pablo Vignolo & Raul Pino - The Hype Real Estate Group
• Seller's Representative: Tommy Gil - Industrial Advisors
• Market: Opa Locka

This transaction saw representation from The Hype Real Estate Group, which successfully connected the buyer with the property and negotiated a price discount. The deal encountered some challenges, but both brokerage teams managed to navigate these issues to complete the transaction. This marks the second sale on this block within the last six months, highlighting continued activity in the market.