CBRE Brokers $6.3 Million Sale of Industrial Property in Miami

CBRE, one of the world’s largest commercial real estate services and investment firms, recently facilitated the sale of an industrial property in Miami, Florida. The property, located at 3330 NW 60th St, spans 32,744 square feet and was sold for $6.3 million. The deal was completed on June 30, 2022.

The industrial property is situated in a prime location in Miami, offering easy access to major transportation routes and nearby amenities. With its proximity to major highways and the Miami International Airport, the property is well-positioned to attract businesses in need of efficient logistics and distribution capabilities.

CBRE, known for its expertise in commercial real estate transactions, served as the agency responsible for brokering the deal. The buyer and seller involved in the transaction have not been disclosed.

The sale price of 6.3 million translates to a price per square foot of 192. This figure is in line with the current market rates for industrial properties in the Miami area. The demand for industrial real estate has been strong in recent years, driven by the growth of e-commerce and the need for efficient supply chain networks.

The industrial property at 3330 NW 60th St offers several attractive features for potential buyers. The building boasts a total area of 32,744 square feet, providing ample space for various industrial uses. The property includes warehouse space, office areas, and loading docks, catering to the needs of businesses in industries such as manufacturing, distribution, and logistics.

The property’s location in Miami further enhances its appeal. Miami is a major hub for international trade and commerce, with its strategic position as a gateway to Latin America and the Caribbean. The city’s robust transportation infrastructure, including its seaport and airport, makes it an ideal location for businesses looking to expand their operations and reach new markets.

The buyer of the industrial property stands to benefit from the property’s potential for rental income and capital appreciation. Industrial real estate in Miami has experienced strong rental growth in recent years, driven by increasing demand and limited supply. The property’s location and features make it an attractive option for businesses seeking industrial space in the area.

Overall, the sale of the industrial property at 3330 NW 60th St in Miami represents a significant transaction in the commercial real estate market. The involvement of CBRE, a leading agency in the industry, highlights the importance of expert brokerage services in facilitating successful deals. As the demand for industrial real estate continues to grow, properties like this one are expected to attract strong interest from investors and businesses alike.