{"id":1004328344,"date":"2019-06-03T08:39:16","date_gmt":"2019-06-03T16:39:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004328344"},"modified":"2019-06-03T08:39:16","modified_gmt":"2019-06-03T16:39:16","slug":"metro-miami-distribution-facility-trades-for-38m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/metro-miami-distribution-facility-trades-for-38m\/","title":{"rendered":"Metro Miami Distribution Facility Trades for $38M"},"content":{"rendered":"
\"Bridge<\/a>

Bridge Point Riverbend. Image courtesy of Bridge Development Partners<\/em><\/p><\/div>\n

Bridge Development Partners has sold Bridge Point Riverbend, a Class A, 221,542-square-foot distribution facility in Fort Lauderdale, Fla. ASB Capital Management purchased the asset for $38.2 million. A CBRE team assisted the seller in the disposition.<\/p>\n

Located at 201 N.W. 22nd Ave. near the intersection of Interstate 95 and Broward Boulevard, the warehouse is roughly 7 miles away from Port Everglades and approximately 8 miles from Fort Lauderdale-Hollywood International Airport. Also, PortMiami is within a 30-minute drive.<\/p>\n

Built on a 11.7-acre site and completed in the fourth quarter of 2018, Bridge Point Riverbend features 32-foot clear ceiling heights, 11 dock doors with rear-dock loading, ESFR sprinkler systems and a 1.4\/1,000 parking ratio. The building is currently nearly 80 percent leased, with anchor tenant ShipMonk signing a 170,447-square-foot lease at the location earlier this year.<\/p>\n

CBRE Capital Markets\u2019 team representing the seller in the disposition included Vice Chairman Chris Riley, Vice Chairman Christian Lee and Senior Vice President Jos\u00e9 Antonio Lob\u00f3n. In February, a CBRE team facilitated the sale of a 224,572-square-foot warehouse<\/a> located 25 miles west of Bridge Point Riverbend.<\/p>\n","protected":false},"excerpt":{"rendered":"

ASB Capital Management has purchased the 221,542-square-foot asset in Fort Lauderdale. CBRE assisted the seller, Bridge Development Partners, in the transaction.<\/p>\n","protected":false},"author":870,"featured_media":1004328374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1492,21742],"tags":[45797,34456,32789,35047],"class_list":["post-1004328344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-miami","category-latest","tag-asb-capital-management","tag-bridge-development-partners","tag-cbre","tag-christian-lee"],"acf":[],"yoast_head":"\nMetro Miami Distribution Facility Trades for $38M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/metro-miami-distribution-facility-trades-for-38m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Metro Miami Distribution Facility Trades for $38M\" \/>\n<meta property=\"og:description\" content=\"ASB Capital Management has purchased the 221,542-square-foot asset in Fort Lauderdale. 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