State Street Realty recently completed an industrial land sale transaction valued at nearly $3.7 million within Beacon Lakes Business Park.
The Class “A” +/-3 acre industrial land site is a prime property situated on NW 17 Street & 127th Avenue adjacent to the Florida Turnpike & Dolphin Expressway (SR 836) within the Miami Airport/Doral submarket.
State Street Realty President George Pino, SIOR and Senior Associate Brian Cabielles represented the Seller, Ana Olavarria Vidal in the transaction. Casal Group represented the Buyer, Land Enterprise Service LLC.
“Industrial land values are at a 30-year high in Miami. Due to the low inventory of available industrial land in Miami, land prices will continue to increase in 2021,” said Pino.