Real estate investment trust Prologis paid $12.4 million for a one-story office building near Sweetwater.
The San Francisco-based company bought the 102,000-square-foot building on about 8 acres at 12496 Northwest 25th Street, according to records.
The building is within the Beacon Lakes master-planned, 436-acre business park. An online listing for the building shows office space available for rent for $25 a square foot a year.
A strong performance in the South Florida industrial sector during Covid-19 didn’t fully translate to new milestones in the market’s top sales.
The largest industrial sale of 2020, valued at $94 million, still fell below the biggest deals of 2019 and 2018, of $178 million and $180 million, respectively, according to an analysis by The Real Deal.