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Avison Young Arranges $7.5M Sale-Leaseback of Miami Industrial Facility

Avison Young’s Florida Capital Markets Group has arranged the $7.5 million sale-leaseback of the RAM Steel Framing headquarters building, a 105,000-square-foot industrial facility in Miami’s Hialeah industrial corridor.

David Duckworth, Michael Fay, John Crotty, Brian de la Fé, David Spillers, Emily Brais and Berkley Bloodworth of Avison Young represented the seller, RAM Steel Framing, in the transaction. The buyer was Zaragon Inc.

Located within an Opportunity Zone along Miami’s Hialeah industrial corridor, the industrial asset is approximately three miles from the Miami International Airport to the south, and six and a half miles from Port Miami to the east.

“The sale-leaseback represents a trend of single-tenant industrial deals having the highest chance to close in the current market environment,” said Duckworth. “With the investment appeal of RAM Steel Framing as a high-quality tenant, we successfully negotiated and closed the deal during the COVID-19 shutdown without any pricing adjustments.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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