178K SF cold storage warehouse in Miami, FL trades hands

MIAMI, Nov. 12, 2024 - JLL Capital Markets announced today the sale of the 178,428-square-foot cold storage facility located at 7600 NW 82^nd Place in Miami, Florida.

JLL represented the seller in the sale to BGO.

Situated on 15 acres, the facility offers a 30-foot clear height, 29 loading docks, 236 parking spaces and 116,000 square feet of freezer space. The property is fully leased to Quirch Foods, an international food distribution company and one of America's Largest Private Companies (#132 Forbes).

The facility offers seamless access to Florida's Turnpike, US-27 and State Road 826 (the Palmetto Expressway) and is located near the Miami International Airport and the Port of Miami.

The JLL Investment Sales and Advisory team was led by Managing Director Luis Castillo, Senior Director Cody Brais and Associate Taylor Osborne.

"With an aging supply, high entry barriers and increased space requirements, the cold storage sector is experiencing remarkable growth," said Castillo. "The specialized nature and high costs of developing state-of-the-art cold storage make existing facilities like this one highly sought after, resulting in a competitive, landlord-friendly market."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.

BGO is a leading, global real estate investment management advisor, real estate lender, and a globally recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, theinstitutional alternatives and traditional asset management business of Sun Life.

For more information, please visit www.bgo.com