ComReal is pleased to announce the successful sale of the property located at 12800 NW 113th Ct in Medley, Florida. ComReal represented the seller, Seagis Property Group, in the transaction. Old Dominion Freight Lines acquired the property for $16,500,000. Old Dominion Freight Line is a leading LTL freight transportation company.
Pat McBride, SIOR, Esq., Principal at ComReal, spearheaded the process, delivering a seamless transaction for both parties. Seagis Property Group, a major investor and owner of industrial real estate across the eastern United States, has a significant presence in the South Florida industrial market. The sale of 12800 NW 113th Ct adds to Seagis’ track record of strong investment returns.
Pat McBride highlighted the importance of this sale, stating: “We are proud to have worked with Seagis Property Group and to facilitate this transaction with Old Dominion Freight Line. The sale underscores the value of well-located, quality IOS properties. Municipalities are not creating more land zoned for heavy industrial and developers of all asset classes continue to reduce to supply of outdoor storage sites by redeveloping into more dense uses.”
This premium industrial outdoor storage (IOS) property, located in Medley, one of Miami-Dade County’s key industrial submarkets, spans 4 acres of industrial land and features a 19,750 SF truck terminal along with 2,000 SF truck maintenance facility. Its location provides easy access to major transportation arteries such as the Florida Turnpike, the Palmetto Expressway, and US-27.
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About ComReal
Founded in 1979, ComReal is a leading industrial real estate firm with a proven track record of facilitating high-value transactions. The ComReal Industrial Team specializes in representing sellers, buyers, landlords, and tenants in the industrial real estate market, leveraging deep industry knowledge and a strategic approach to achieve outstanding results. The team’s specialties encompass a wide range of industrial real estate, including, dry and refrigerated warehouses, manufacturing facilities, rail served buildings, industrial outdoor storage (IOS) and foreign trade zone warehouses.
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