19400 W Dixie Highway - Miami, FL

Date: February 2013
Address: 19400 W Dixie Highway
City: Miami
Sq. Ft: 11,691
Price: $3,800,000

Price Per Sq. Ft: $34
Year Built: 1955
Buyer: Modani Capital (Modani Furniture)
Seller: Miron Realty Co

Transaction Details: Miron Realty Co. sold their 111,691 sq. ft. warehouse in Miami to Modani Capital (related entity to Modani Furniture).  This property sits on only 3.28 acres of land, therefore the building covers over 78% of the land, which is a very high building to lot ratio (most warehouse properties in Miami-Dade have 40-50% lot coverage).

This Miami warehouse has 28′ ceilings, 2 dock loading doors, about 10% office space, and it is in on the Florida East Coast Railway (FEC).

For many years, this Miami warehouse has been home to the Miron Lumber and Home Furnishings’ retail and distribution center. Modani Furniture has locations across the U.S.  They will be renovating the warehouse and it will be Modani’s headquarters.