Seagis makes Florida industrial purchase

Site served by rail

Seagis Property Group has acquired two industrial buildings totaling 121,250 square feet at 57 N.E. 179th St. in Miami, Fla. The value of the transaction was $5.7 million. The buildings are pre-cast concrete construction, and have 28-foot clear ceiling heights. The property is rail-served, and is located within one mile of Interstate 95 and the Florida Turnpike. At the time of sale, the buildings were leased on a multitenant basis at 85 percent occupancy. Seagis Property Group LP owns and operates industrial buildings in logistically driven locations along the Eastern Seaboard. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....

Comments