Longpoint Realty Acquires Miami Industrial Property For $59M

An industrial property located at 555 NE 185th Street and 320 NE 187th Street in Miami has been sold for a price of $59,000,000. The property spans 304,408 square feet, resulting in a price per square foot of $194. The sale took place on 12/23/2021, with Longpoint Realty acquiring the property from Stockbridge Capital Group.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $59,000,000
• Address: 555 NE 185th Street and 320 NE 187th Street, Miami
• Square Footage: 304,408
• Price per Square Foot: $194
• Buyer: Longpoint Realty
• Seller: Stockbridge Capital Group

The sale of this industrial property was facilitated by CBRE. Christian Lee, Jose Lobon, Amy Julian, and Royce Rose represented both the buyer, Longpoint Realty, and the seller, Stockbridge Capital Group, in this transaction.