MIAMI—Foreign investors are still flocking to Miami and the healthcare industry is still heating up. Put the two trends together and the sale of a 26,000-square-foot industrial property in Opa-Locka, FL makes good sense.

A Guyana, South America-based medical group snapped up the industrial asset, which is located at 4380 NW 135th Street in Opa-Locka, for $1.8 million. The warehouse is the former home of American Medical Depot, a distributor of medical and surgical supplies for virtually every recognizable name brand manufacturer in the healthcare industry. Danny Zelonker, principal at Coral Gables-based Real Miami Commercial Real Estate, represented the seller.

“The REITs are delivering larger industrial product to the market, but the 25,000- to 50,000-square-foot facilities are difficult to come by and as a result, are attracting enormous interest, especially among the foreign investors, who tend to be cash buyers,” says Zelonker. “We had three contracts on this facility alone.”