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First Industrial Realty Trust Acquires Industrial Property In Medley For $19.8M

11601 Northwest 107th Street
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This Industrial property located in FL was sold for $19,750,000 over 1 year ago.

First Industrial Realty Trust, represented by Peter E. Baccile and Johannson Yap, has purchased an industrial property located at 11601 NW 107th St, Medley. The property spans over 3.5 acres and offers a total square footage of 65,005. The deal was closed on July 12, 2022, with a sale price of $19,750,000, resulting in a price per square foot of $304.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,750,000
  • Address: 11601 NW 107th St, Medley
  • Market: Medley
  • Acres: 3.5
  • Buyer: First Industrial Realty Trust - Peter E. Baccile & Johannson Yap
  • Seller: Top Shipping Systems Corp.
  • Square Footage: 65,005
  • Price Per Square Foot: $304

Peter E. Baccile and Johannson Yap, representing First Industrial Realty Trust, successfully acquired the industrial property in the Medley market. The transaction further solidifies the trust's presence in the area. Top Shipping Systems Corp. acted as the seller in the deal, demonstrating their willingness to negotiate a favorable agreement. The purchase price of $19,750,000 reflects the property's value and potential for future growth.

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  • Location
    11601 Northwest 107th Avenue, Medley, Florida 33018, United States11601 Northwest 107th Avenue, Medley, Florida 33018, United States
  • Sale Price
    $19,750,000$19,750,000
    $303 PPSF$303 PPSF
  • Area
    65,005 SF65,005 SF
  • Asset Type
    IndustrialIndustrial

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Deal Summary

SALE IMAGE: Peter E. Baccile DATE: 07/12/2022 ADDRESS: 11601 NW 107th St MARKET: Medley ASSET TYPE: Industrial ~ ACRES: 3.5 BUYER: First Industrial Realty Trust - Peter E. Baccile & Johannson Yap SELLER: Top Shipping Systems Corp. SALE PRICE: $19,750,000 SF: 65,005 ~ PPSF: $304

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