Dalfen Industrial is the new owner of the industrial asset in the North Central Miami-Dade submarket. The roughly 200,000-square-foot facility traded for $24 million.
Dalfen Industrial has acquired Golden Glades Fulfillment Center, a 201,491-square-foot multi-tenant industrial building in Miami Gardens, Fla. According to Miami-Dade County records, owner Bristol Group Inc. sold the South Florida property for $24 million.
Located at 15600 N.W. 15th Ave. in the North Central Miami-Dade submarket, Golden Glades Fulfillment Center is within 2 miles of the Florida Turnpike and 5 miles of the Golden Glades Interchange. The asset is halfway between Miami and Fort Lauderdale’s seaports and airports.
Constructed on roughly 10 acres, the property underwent complete renovation in 2004. The building is currently fully occupied, with major tenants including Amazon and Packaging Corporation of America, among others. Almost 1.6 million residents live within a 10-mile radius of the property.
“This acquisition is a prime example of Dalfen’s strategy of buying top quality last-mile oriented industrial assets. Amazon’s utilization of the facility to deliver on average 20,000 packages a day exemplifies this site’s functionality and ideal positioning in the market,” said Sean Dalfen, President and CIO of Dalfen Industrial in prepared remarks.
The regional industrial market continues to prosper. “Industrial is by far the best performing sector in South Florida at the moment,” said Kenneth Krasnow, Collier Interanational South Florida’s Executive Managing Director, in a recent interview with Commercial Property Executive.