The asset involved in this transaction is an industrial property located at 2090 Northwest 75th Street in Miami. The property encompasses a total area of 2,575 square feet and was sold for a price of $1,930,000, representing a price per square foot of $749. This fully leased, two-suite commissary kitchen property is situated in Liberty City and serves as a strategic investment aligned with Miami’s growing food delivery infrastructure.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,930,000
• Square Footage: 2,575
• Address: 2090 Northwest 75th Street
• Market: Miami
• Seller: Nicolas Brocherie
• Broker Representatives: Juan Sotolongo & Jesse Spencer - J+ Group - Compass
• Price per Square Foot: $749
• Cap Rate at Closing: 8.5%

The deal was successfully facilitated by J+ Group at Compass Commercial, which represented both the buyer and the seller in this off-market transaction. The sale of this NNN asset set a new benchmark in the area, highlighting the capabilities of the brokers involved in navigating the intricacies of the deal.