Miguel Juliao Of Interglass Acquires 4.1 Acre Industrial Property In Miami For $15M

An industrial outdoor storage property spanning 4.1 acres located at 5000 Northwest 72nd Avenue in Miami, FL, was sold for $15,000,000. The property was previously listed at a sale price of $12.15 million in 2023, indicating an increase in value during the intervening period.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,000,000
• Buyer: Miguel Juliao - Interglass
• Seller: Daniel Laub - Zenith Industrial Outdoor Storage
• Lender: J.P. Morgan Chase
• Mortgage Amount: $9,750,000
• Acquisition Affiliates: Juliao Miami LLC

Juliao Miami LLC, associated with glass and hardware distributor Interglass, acquired the property from Zenith Industrial Outdoor Storage, with J.P. Morgan Chase facilitating the financing for the transaction.