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Stockbridge has purchased a warehouse at 4343 NW 77th Avenue in Miami from Dobbs Equipment in a $20-million sale-leaseback deal.

Stockbridge Buys $20M Warehouse in Miami Airport West Sale-Leaseback Deal

CA-based real estate investment management firm Stockbridge has completed its $20-million purchase of 4343 NW 77th Avenue, a 28,000-square-foot single tenant warehouse/service facility sitting on 5.6-acres of land in the Airport West submarket of Miami, FL.

Wayne Ramoski of Cushman & Wakefield and Kemp Conrad of Cushman & Wakefield represented the seller, Dobbs Equipment (a John Deere dealer) in the transaction. As part of the sale, Dobbs Equipment will leaseback the entire warehouse/service facility, which is currently being used as an authorized full-service equipment dealership.

“This was a unique opportunity for an investor to acquire a high-quality industrial asset with in-place cash flow in one of the hottest industrial gateway markets in the nation,” said Ramoski,.

The warehouse/service facility on-site provides street level loading with 22-foot clear heights and includes an office and showroom. Approved flexible industrial/commercial zoning is also in place allowing for potential redevelopment of the facility.


Inside The Story

Cushman & Wakefield's Ramoski

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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