MIAMI-Call it a sign of the improving times in Miami’s industrial market. A vacant warehouse that sat on the market for more than two years has finally sold.
At $3.9 million, the sales price equals $31.97 per square foot, marking one of the largest vacant owner/user warehouse sales in Dade County this year. The 122,000-square-foot industrial property is located at 5701-5703 NW 35th Ave. in Miami.
The buyer, Galei Opa, LLC, is a local company that plans to relocate its manufacturing operation to the site. Located in the Airport East submarket, the property features high ceilings, heavy power, CSX rail access, many dock doors and sewer connections.
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