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Miami-Dade Warehouse With Cold Storage Sells For $26 Million

Ivy Realty snagged a Miami-Dade County warehouse with cold storage for $26 million, as it continues to expand its South Florida industrial portfolio, The Real Deal has learned.

The commercial real estate investor bought the property at 6950 Northwest 77th Court from an affiliate of The Apollo Group in a sale-leaseback. The Apollo Group, a logistics provider to cruise lines, leases the entire property for its headquarters.
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South Florida’s Largest Off-Market Freezer Warehouse Sells For $13.25 Million

CBRE Senior Vice Presidents Larry Genet, Tom O’Loughlin and Senior Associate Jake Zebede negotiated the purchase of an ±80,000-square-foot freezer facility located at 650 NE 185th Street in Miami.

Genet led the team in representing the buyer, Ivy Realty, which paid $13,250,000 in the off-market deal. Stuart T. Kapp of Kapp Morrison LLP represent Ivy Realty as legal counsel.
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Hialeah Distribution Warehouse Sells For $15M

Mac Papers, which manufactures a host of paper products, sold its distribution warehouse in Hialeah for $14.68 million.

The Jacksonville-based company sold the 137,872-square-foot warehouse at 5900 N.W. 176th St. to Spirit Master Funding X LLC, an affiliate of Dallas-based Spirit Realty. The price equated to $106 per square foot.

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