CBRE Announces $43.5 Million Sale of Fully Occupied, 211K-SF Infill Warehouse in Miami

CBRE announced the sale of Sunshine State Industrial, a 211,471-sq.-ft. multi-tenant distribution warehouse in Miami, to Corebridge Real Estate Investors for $43.5 million.

José Lobón, Trey Barry, Frank Fallon, Royce Rose, George Fallon, Gabriel Braun and Daniel Sarmiento with CBRE National Partners represented the seller, Longpoint Partners, a Boston-based real estate private equity firm.

Built in 1969, the cross-dock warehouse is located at 1400 NW 159th Street. It features 24’ clear span heights, a 335’ building depth, 49 loading positions, and 95’ to 150’ truck court depths. It also has fluorescent and metal halide warehouse lighting, LED exterior lighting, and 151 car parking spaces.

The property sits on 11.2 acres within the Sunshine State Industrial Park, a tier-one infill park with five million square feet of industrial space. It is immediately adjacent to Golden Glades Interchanges, providing quick access to I-95, Florida’s Turnpike, Palmetto Expressway, SR 9, and SR 441. It’s also equidistant to Miami and Fort Lauderdale International Airports, as well as Port Miami and Port Everglades.