CBRE Facilitates Sale of 37,422 SF Warehouse in Hilaleah, FL to Private Investor

CBRE has arranged the sale of a 37,422 -square-foot industrial center located at 3130 W. 15th Ave. in Hialeah, Fla., to a private company for $10 million ($267 per square foot).

Benjamin Silver and Sebastian Misiewicz with CBRE represented the seller, MYDJ Investments, LLC, in the transaction.

“The seller acquired the warehouse in 2020 for $4.5 million and in just over two years we sold it at list price for more than double that through our extensive ability to source a 1031 user-buyer who also needed the market-limited warehouse space for their high-end electronics business,” said CBRE Senior Vice President Benjamin Silver.

He added, “We were able to achieve market topping pricing for our client because of the gold rush towards industrial distribution space in Miami, which is highly desirable and extremely scarce, combined with the property’s premiere location directly next to Hialeah's newest and most substantial mixed use development project in years.”

Built in 1988, the 1.75-acre property features 20-foot clearance heights, four loading docks, and 40 parking spaces. It sits less than 7 miles from Miami International Airport and Miami-Opa Locka Executive Airport.