Realterm Logistics closed on the acquisition of a highly functional, well-located final mile cold storage distribution facility within the Miami-Opa Locka Airport market. The property is strategically located among major transportation nodes including Palmetto Expressway, I-95 and the Florida Turnpike. Located at 12401, 12701, 12725 NW 38 Ave., the facility is fully leased to Harvest Sherwood Food Distributors.
"We are excited to add this property to our portfolio," said Tyler Mordas, Associate Vice President of Acquisitions. "The combination of dock-high loading and coverage make the property extremely unique for the market and one we think will benefit from increased industrial distribution demand."
Highlights of the property include:
- Square Feet / Doors: 150,489 SF / 32 doors
- Land Area: 12.64 Acres
- Access: Miami Opa Locka Airport – 1.3 miles; I-95 – 3.9 miles; Florida Turnpike – 5.4 miles; Miami International Airport – 5.8 miles
John Lonardo of ComReal represented the seller and Chris Spear of ComReal represented Realterm in the off-market transaction.