A image illustration of 3130 West 15th Avenue in Hialeah (Getty, Google Maps)
eBay vehicle electronics retailer Techronics is turning up its distribution volume in Hialeah.
An entity managed by Techtronics President Sharome Yerushalmi and enterprise CEO Yoel Gidanian paid out $10 million for a roughly 37,000-square-foot warehouse at 3130 West 15th Avenue, documents display. Well known Bank delivered the buyer with a $5.5 million property finance loan.
The offer breaks down to $267 a sq. foot. Benjamin Silver and Sebastian Misiewicz with CBRE represented the vendor, a Miramar entity managed by Jimmy Ng, Mindy Ng, Danny Shiu and Ying Shiu.
In 2020, the Ng and Shiu entity paid $4.5 million for the 1.75-acre web-site, records demonstrate. The warehouse was concluded in 1988.
Dependent in Gardena, Calif., Techronics has been selling car stereos, speakers, amplifiers and other car electronics on eBay considering that 2009, selling 302,000 objects, in accordance to its online store. Techronics strategies on employing its Hialeah acquisition to grow its large-conclusion electronics organization, a push launch states.
Miami-Dade County’s industrial market ended 2022 with a different consecutive quarter of provide outpacing desire, in accordance to a current JLL report. Asking rents strike approximately $15 a square foot in the fourth quarter of very last calendar year compared to $10.32 a sq. foot in the course of the very same time period of 2021. In the upcoming 18 months, builders will produce 9 million sq. ft of new industrial house in Miami-Dade, JLL located.
Among the new Miami-Dade initiatives on deck is a proposed info center by Sweetwater-dependent EdgeConnex. The corporation is proposing a 173,000-square-foot facility at Beacon Station industrial park in west Miami-Dade County. This thirty day period, EdgeConnex paid $13.7 million for the 6.3-acre web page.
Ares Administration is proposing a a few-developing industrial complex at Countyline Corporate Park in Hialeah. This month, the Los Angeles-dependent actual estate developer purchased the 52-acre growth site for $111.1 million.
In Homestead, Berkowitz Progress Group picked up 19 acres for $6.7 million. The Coconut Grove-dependent firm strategies to establish a 400,000-square-foot industrial project on the enhancement site in the vicinity of Homestead-Miami Speedway.
