Andrew Carton & Barry R. Lundgren Acquire Industrial Property In Little River For $8.275M
7744 Northwest 6th Court, 7771 & 7811 Northwest 7th Avenue
20,527 SF
Summary
The sale of three brand new construction condo warehouses in Miami's Little River neighborhood has set a record-breaking price point for this asset class. These properties, located at 7744 NW 6th Ct, 7771 & 7811 NW 7th Ave, are part of the industrial market in Little River. The transaction took place on 01/10/2022 and the sale price was $8,275,000, with a total square footage of 20,527. This equates to a price per square foot of $403.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,275,000
- Address: 7744 NW 6th Ct, 7771 & 7811 NW 7th Ave
- Market: Little River
- Buyer: Andrew Carton & Barry R. Lundgren
- Seller: Josephine Investments - Alberto Sbarra
- Buyer's Representative: ZYX Capital
- Seller's Representative: Irene Dakota - Gridline Properties
- Square Footage: 20,527
- Price Per Square Foot: $403
This transaction was facilitated by Irene Dakota from Gridline Properties, representing the seller, Josephine Investments - Alberto Sbarra. ZYX Capital represented the buyer, Andrew Carton & Barry R. Lundgren. The sale price achieved in this transaction has set a new benchmark for similar condo warehouses in the area. The developer is scheduled to deliver three more similar properties by Summer 2022.
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