{"id":1004448922,"date":"2020-05-19T22:47:31","date_gmt":"2020-05-20T06:47:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004448922"},"modified":"2025-02-26T03:20:07","modified_gmt":"2025-02-26T11:20:07","slug":"avison-young-spearheads-miami-industrial-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-spearheads-miami-industrial-sale\/","title":{"rendered":"Avison Young Spearheads Miami Industrial Sale"},"content":{"rendered":"
\"\"<\/a>

7400 NW 37th Ave. Image courtesy of Avison Young<\/i><\/p><\/div>\n

Avison Young has finalized the $7.6 million disposition of a 105,000-square-foot industrial property in Miami. RAM Steel Framing sold the building to Zaragon in a sale-leaseback transaction. The brokerage team assisting the seller included Principals David Duckworth, John Crotty and Michael Fay, Vice Presidents Brian de la F\u00e9 and David Spiller, along with Associates Berkley Bloodworth and Emily Brais.  <\/p>\n

The buyer financed the purchase with a $5.7 million loan from CIBC Bank, according to public records. The note matures in 2027 and carries two one-year extension options. RAM Steel Framing will continue to occupy its headquarters on a long-term, absolute triple-net lease. <\/p>\n

Located on 3 acres at 7400 NW 37th Ave., the single-story warehouse was completed in 1955 and expanded in 1961. RAM Steel Framing executed a cosmetic upgrade of the property in 2017, according to Yardi Matrix. Situated in an opportunity zone, the property is 3 miles north of Miami International Airport.<\/p>\n

In April, an Avison Young team including Duckworth, Crotty and Fay arranged the $12 million sale<\/a> of an R&D facility in Alachua, Fla. The Class A asset changed hands for $12 million through a 1031 exchange. <\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

The company assisted RAM Steel Framing in the $7.6 million sale-leaseback of its headquarters.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"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":[33022,44945,36536,36537,36315,41726],"class_list":["post-1004448922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-miami","category-latest","tag-avison-young","tag-cibc-bank","tag-john-crotty","tag-michael-fay","tag-sale-leaseback","tag-zaragon-inc"],"acf":[],"yoast_head":"\nAvison Young Spearheads Miami Industrial Sale - 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\/avison-young-spearheads-miami-industrial-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avison Young Spearheads Miami Industrial Sale\" \/>\n<meta property=\"og:description\" content=\"The company assisted RAM Steel Framing in the $7.6 million sale-leaseback of its headquarters.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/avison-young-spearheads-miami-industrial-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-20T06:47:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T11:20:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-spearheads-miami-industrial-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-spearheads-miami-industrial-sale\/\",\"name\":\"Avison Young Spearheads Miami Industrial Sale - 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