New Industrial Buy Marks EverWest's Second Q4 Investment in Miami Metro
December 29, 2020
MIAMI, FL (December 28, 2020) – Denver-based EverWest Real Estate Investors has completed its second metro Miami industrial purchase this quarter with the $13.15 million ($97 per-square-foot) acquisition of 3505 NW 112th St. The infill industrial distribution building is located in the Gratigny Industrial Park, in Miami-Dade County.
The 136,000-square-foot building is fully occupied under a long-term lease to a national provider of packaging products and services. The property is proximate to both the Miami International Airport and Opa-locka Airport along the Gratingy Expressway, with convenient access to all major thoroughfares.
Tyler Williams, EverWest’s Director of Southeast Acquisitions, represented EverWest in the transaction. Joel A. Kattan and Anthony Peragine of SVN Commercial Realty represented the seller.
“This was an opportunity to acquire an attractive asset within a corridor known for its high concentration of institutional ownership, consistently low vacancy rates and compelling rent growth,” said Williams. “The acquisition reflects EverWest’s appetite to scale its industrial portfolio in the Miami metro.”
The 3505 building features 22’ clear heights, ample loading positions, high parking capacity and rail access.
The deal continues EverWest’s active investment in U.S. industrial assets. In 2020 that strategy included acquisitions in the Seattle, Nashville, Denver and Southern California metro markets, as well as a recent, 160,000-square-foot building acquisition in Miami’s Hialeah submarket.
About EverWest Real Estate Investors LLC
EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado. The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets. For more information on EverWest, visit www.everwest.com. For more information on GWL Realty Advisors, visit www.gwlra.com.