Alejandro Velez Acquires Medley Industrial Property For $7.5M

A property in Medley has been sold for $7,500,000. Located at 9315 Northwest 112 Avenue, the industrial asset spans 50,000 square feet. The price per square foot comes out to be $152, as per the information available as of October 16, 2020. The transaction was facilitated by CBRE.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $7,500,000
• Square Footage: 50,000
• Price per Square Foot: $152
• Address: 9315 Northwest 112 Avenue
• Market: Medley

The buyer of the property is Alejandro Velez, representing Midtown Capital Partners. On the other hand, the seller is Leo Ghitis. Notably, CBRE acted as the broker for this transaction.