725 SE 9th Court - Hialeah, FL

Date: April 2013
Address: 725 SE 9 Court
City: Hialeah
Sq. Ft: 485,000
Price: $11,250,000

Price Per Sq. Ft: $23
Year Built: 1960
Buyer: Keating Resources
Seller: AEW Capital Management LP

Transaction Details: Keating Resources recently purchased the former Winn-Dixie distribution warehouse located at 725 SE 9th Court, in Hialeah, FL.  The seller was AEW Capital Management.  AEW is the REIT which purchased Flagler Station in 2012. The Hialeah warehouse is located on the NE corner of Miami International Airport.

The distribution center is close to 500,000 sq. ft. of warehouse space, located on almost 20 acres.  The warehouse ceiling height ranges from 12-16′, and there is ample trailer parking. The warehouse is on CSX rail, and has heavy electric.

ComReal Miami’s Warehouse Team is currently marketing the warehouse for lease.  They are advertising it to be leased in it’s current 1960 design with some small renovations, and they’re advertising for a brand new 400,000 sq. ft. Class A warehouse.  If the new warehouse is built it will be the closest, Class A warehouse to Port Miami and the largest available warehouse closest to Port Miami and Miami International Airport.