11200 NW 138th Street - Medley, FL

Date: May 2014
Address: 11200 NW 138 St.
City: Medley
Sq. Ft: 41,000
Price: $4,060,000

Price Per Sq. Ft: $100
Year Built: 2005
Buyer: Industrial Property Trust
Seller: Prologis

Transaction Details: In April 2012, Quest Associates sold their warehouse, at 11200 NW 138th Street, to Prologis for $2,863,000 ($71 per sq. ft.). Two years later, Prologis sold the warehouse to Industrial Property Trust.

Industrial Property Trust paid $100 per sq. ft., in May 2014, for this 41,000 sq. ft. warehouse that was built in 2005. The property was sold at a 6% cap rate.

The warehouse was built in 1985, sits on almost 2 acres and has a small side yard for outside storage. The Medley facility was on the market for 20 months.