Lee & Associates South Florida Closes Sale of Industrial Building in Homestead
Senior Vice President Andrew Whitby successfully represents sale of $2.2 million transaction
MIAMI, FL (February 16, 2024) – Lee & Associates South Florida Senior Vice President Andrew Whitby completed the sale of a Homestead industrial building. The $2.2 million transaction closed on Jan. 18.
Whitby marketed the 145 SW 3rd Ave. property on behalf of seller Holiday Professionals LLC, and also represented buyer Charles Fizer.
The 10,118-square-foot building is located on a 20,250-square-foot lot with an additional 6,750-square-foot vacant lot adjacent to the property included in the sale. The freestanding building features three drive-in loading doors, 22-foot clear ceilings, and three phase heavy power for heavy industrial manufacturing uses. Additionally, the property is located in an 'Enterprise Zone', a strategic location near the Florida Keys making it an ideal distribution point allowing for efficient transportation and logistics operations to the region.
“This transaction underscores the burgeoning potential of Homestead as a prime location for industrial ventures targeting both local and regional markets, and we're excited to continue facilitating transformative deals in this dynamic market,” Whitby said.
Based in Lee & Associates South Florida’s Miami office, Whitby specializes in industrial investment sales and leasing across the South Miami-Dade County region. He has more than 8 years of experience in leasing and sales negotiation, investment analysis, and project development.
About Lee & Associates | South Florida
Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent’s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making. The Lee & Associates’ robust national network that sold and leased over $32 Billion in 2022 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.
Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
