CBRE Arranges $15M Sale of Warehouse Property in Miami’s Medley Submarket

CBRE has arranged the sale of a four-acre industrial property at 9455 NW 104th Street in Medley, Fla. RLF Acquisitions, LLC purchased the property from the Ferreira family for $15 million.

CBRE’s Nicolas Palazzo and Andrew Fernandez facilitated the transaction, and have been retained as the leasing team for the property.

The property features a 6,500-square-foot office building and a separate 6,500-square-foot warehouse with 18-foot clear ceiling heights and four oversized grade level doors. Located in the Medley submarket, the property provides easy access to Okeechobee Road, Florida’s Turnpike, Palmetto Expressway, and Interstate 75.

“This site garnered a lot of interest because of the limited industrial space available in South Florida, specifically in the Medley submarket. A four-acre site alone is hard to come by in Medley and the two 6,500-square-foot structures makes this property even more attractive,” said Andrew Fernandez, a Vice President with CBRE.