PEQ Acquisitions LLC Purchases Property From AVS International Group For $8.35M In Miami

The property involved in this transaction is a last-mile warehouse located at 3320 NW 33rd St, Miami, FL, 33142. It was sold for $8,350,000.00 and has a total square footage of 42,000. The building was fully leased to nine tenants at the time of closing and is situated in Miami's South-Central submarket.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $8,350,000.00
• Address: 3320 NW 33rd St, Miami, FL, 33142
• Market: Miami
• Buyer: PEQ Acquisitions LLC
• Seller: AVS International Group
• Buyer's Representative: Christina Searles-CBRE
• Seller's Representative: Larry Genet-CBRE, Tom O’Loughlin-CBRE
• Square Footage: 42,000

CBRE facilitated the transaction, with Larry Genet, Tom O’Loughlin, and Christina Searles representing both the buyer and the seller. Daniel Abrahams, Managing Partner at ODAN Capital, noted their objective of rebranding the asset as 'Miami Centre of Commerce' to cater to the growing demand for quality light industrial space. Oniel Samuel, Managing Partner at ODAN Capital, expressed satisfaction with the responsiveness and approach of the CBRE team throughout the process.