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South Florida Industrial Market | Wynwood Investment Sales

201 Northwest 21st Street and 210 Northwest 22nd Street

Wynwood assemblage – Sarkis Izmirlian | $26M

A billionaire hotelier based in the Bahamas has turned his sights to Miami, paying $26.4 million for an assemblage in Wynwood with plans to build a mixed-use project.

Sarkis Izmirlian, the original developer of Baha Mar in the Bahamas, bought the properties at 201 Northwest 21st Street and 210 Northwest 22nd Street in Miami through a Delaware company, Miami Development 2122 Trustee, Inc.

The seller is Sam Herzberg, whose real estate investment firm, The Sterling Building Inc., includes Richard Do and David Herzberg.

7200 Northwest 25th Street

Webster Park – AEW Capital Management | $25M

Boston-based AEW Capital Management bought four warehouses at 7200 Northwest 25th Street for $25 million, records show.

Miami-based Cofe Properties sold the 178,521-square-foot property for $140 per square foot. The warehouses are part of a complex known as Webster Park that was built in 1972.

In 2016, records show Cofe Properties purchased the warehouses for $16.6 million. The most recent sale represents a 50 percent increase from the last sale price.

1051 Commerce Parkway

1051 Commerce Parkway – WPT Industrial REIT | $9M

Toronto-based WPT Industrial REIT bought an industrial park right off the Florida Turnpike for $9.4 million.

The property at 10501 Commerce Pkwy is 100 percent leased to tenants that include FedEx Ship Center and Miramar Appliance Repair, according to a press…

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