Miami Warehouse Sells for $6.35M to Spencer, Yesilkaya, and Alis

Miami’s commercial real estate market continues to heat up as a 19,481 SF warehouse located at 11500 NW 34th St has been sold for $6.35M. The buyer, a joint venture between Thomas R. Spencer, Mehmet Gokhan Yesilkaya, and Naciye Beste Alis, acquired the property from seller Marisela Boria. The property was listed for sale by brokers from XYZ Commercial Real Estate.

The warehouse is situated on a 1.3-acre lot and features 22-foot clear heights, 4 dock-high loading doors, and ample parking. The property is located in the heart of Miami’s industrial district, which has seen a surge in demand due to the rise of e-commerce and the need for last-mile distribution centers.

The sale price of 6.35M equates to a price per square foot of 325.96, which is in line with recent sales in the area. The property’s location and features make it an attractive investment opportunity for the buyer, who plans to lease the space to a single tenant.

Thomas R. Spencer is a seasoned real estate investor with a portfolio of properties across the United States. Mehmet Gokhan Yesilkaya and Naciye Beste Alis are up-and-coming investors who have been active in the Miami market for the past few years.

Marisela Boria, the seller, is a local business owner who decided to sell the property to focus on her core business. The brokers from XYZ Commercial Real Estate were able to secure a buyer quickly due to the property’s location and features.

Overall, the sale of this Miami warehouse is indicative of the strong demand for industrial properties in the area. As e-commerce continues to grow, investors are looking for well-located properties that can serve as last-mile distribution centers. The joint venture between Thomas R. Spencer, Mehmet Gokhan Yesilkaya, and Naciye Beste Alis has made a smart investment in this property, which is sure to generate strong returns in the years to come.