CBRE Arranges $26.4 Million Sale of 16.5-Acre Industrial Site in Hialeah, Florida

20 Dec 2021

North Dade-608-436

CBRE has announced the $26.4 million sale of North Dade Distribution, a 16.5-acre industrial site located on the corner of NW 97th Ave. and NW 165th St. in Hialeah, Fla. The site was purchased by Dalfen Industrial, an industrial real estate investment manager with a portfolio of over 25 million square feet nationwide.

Christian Lee, Chris Riley, José Lobón, Amy Julian, and Royce Rose with CBRE represented the seller, Butters Realty.

North Dade Distribution will total 298,354 square feet upon completion in March 2023. The rear-load warehouse will feature 32-foot clear height, 120-foot single-load truck court, 240-foot building depth, separate ingress/egress access for cars and trucks, and an ESFR sprinkler system.

“North Dade Distribution is strategically located in Hialeah Gardens, proximate to the Miami-Dade and Broward County Line, allowing for efficient and equidistant access to the population of the two densest South Florida counties,” said Mr. Lobón, an Executive Vice President at CBRE. “The site provides easy access to Interstate 75 and the Florida Turnpike via NW 138th Street. Access will be further enhanced by the new Florida Turnpike interchange at NW 170th Street, which is planned to be completed by 2023.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.