7007 NW 30th Street - Miami, FL

Date: April 2014
Address: 7007 NW 30 Street
City: Miami
Sq. Ft: 76,000
Price: $4,733,000

Price Per Sq. Ft: $62
Year Built: 1982
Buyer: Prologis
Seller: Gold Coast Beverage

Transaction Details: In April 2014, Gold Coast Beverage sold their warehouse at 7007 NW 30th Street to Prologis. This warehouse is +/-76,000 s.q ft., was built in 1982, and is leased by US Tile & Marble. It sits on close to 3 acres and has a 22′ ceiling height.
 
About 5 years ago, Gold Coast Beverage purchased their current facility and vacated this warehouse, leaving it somewhat vacant for many years until US Tile & Marble recently leased the property.
 
The warehouse sold for $4,733,000 ($62 per sq. ft.). This was below market value. If this had been placed on the market for sale, a user would have likely paid $75-80 psf.