Performance Food Group Acquires 3.53 Acre Industrial Site In Opa Locka For $8.53M

The transaction involved a vacant industrial lot located on Northwest 133rd Street in Opa Locka. The property spans 3.53 acres with a total square footage of 153,766 and was sold for $8,533,000. The price per square foot for this sale was $55.

Summary of transaction details:

• Property Type: Industrial (Vacant)
• Transaction Amount: $8,533,000
• Buyer: Performance Food Group
• Seller: David Avan
• Buyer’s Representative: Steven Davis - SVN Commercial Realty
• Seller’s Representatives: Joel A. Kattan & Anthony Peragine - SVN Commercial Realty
• Market: Opa Locka
• Acres: 3.53
• Square Footage: 153,766
• Price per Square Foot: $55

This transaction was facilitated by SVN Commercial Realty, where Joel Kattan, SIOR, and Anthony Peragine represented the seller, while Steven Davis represented the buyer. The property is intended to serve as a distribution hub for Cheney Brothers, Inc., which was acquired by Performance Food Group in August 2024. The deal represented a collaborative effort between SVN Commercial Realty's Miami and Ft. Lauderdale offices.