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South Florida Industrial Investment Sales Featured Top Industrial Sales of 3Q2018 & 4Q2018

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South Florida Industrial Investment Sales Featured Top Industrial Sales of 3Q2018 & 4Q2018 RESEARCH SOUTH FLORIDA INDUSTRIAL INVESTMENT SALES FEATURED TOP INDUSTRIAL SALES OF 3Q2018 & 4Q2018 Supervalu Distribution Center Countyline Corporate Park 9505 NW 108th Avenue Broward – Pompano Beach Miami-Dade – Hialeah/Hialeah Gardens Miami-Dade – Hialeah/Hialeah Gardens CenterPoint Buyer Buyer Duke Realty Buyer Clarion Partners Properties Seller Flagler GL Saltchuck Seller Seller Fortress Resources RSF 208,557 RSF 787,500 RSF 182,372 PSF $121 PSF $165 PSF $179 Sold Oct-18 Sold Dec-18 Sold Dec-18 Vista Business Park Port 95 Distribution Center 3125 Fortune Way (Portfolio) Palm Beach – North Central Broward – Southeast Broward Palm Beach – North Central Buyer Cabot Properties Buyer TA Realty Buyer Martin S Steinhardt McCraney Property Guardian Life Stephen L Seller Seller Seller Company Insurance Cooperman RSF 173,812 RSF 84,006 RSF 79,845 PSF $165 PSF $177 PSF $132 Sold Dec-18 Sold Oct-18 Sold Oct-18 TRAILING 12-MONTH METRICS: Price Per Square Foot LOW: $50/SF HIGH: $211/SF AVERAGE: $125/SF LAST 12-MONTH SALES Sold Building County RSF PSF Seller Buyer Dec-18 Countyline Park Phase 1 Bldg 4 Miami-Dade 208,557 $165 Flagler Global Logistics Duke Realty Dec-18 9505 NW 108th Ave Miami-Dade 182,372 $179 Saltchuck Resources Clarion Partners Dec-18 The Warehouse District (Portfolio) Palm Beach 88,000 $210 Johnstone Capital Partners Asana Partners Dec-18 10900 Northwest 97th St Miami-Dade 98,453 $157 Frank Futernick Angelica Galkin 16175 Northwest 49th Ave Taurus International Kalorik; Team International Group of Dec-18 Miami-Dade 120,739 $101 (Portfolio) Manufacturing Inc America Inc; Uri Murad Nov-18 Floor & Décor-1400 NW 167th St Miami-Dade 181,850 $131 Harvard Mgmt Co, MDH Partners Blackstone Nov-18 1600 Northwest 159th St (Portfolio) Miami-Dade 165,710 $131 MDH Partners, Harvard Mgmt Co Blackstone Nov-18 1605 Northwest 159th St Miami-Dade 99,239 $131 MDH Partners, Harvard Mgmt Co Blackstone Nov-18 South FL Logistics (Bldg 8) Miami-Dade 177,328 $176 FL East Coast Industries, Fortress JP Morgan Asset Mgmt Nov-18 Southeast Food Dist-18770 NE 6th Ave Miami-Dade 234,739 $80 Southeast Food Distribution Premium Capital Resources Oct-18 Vista Business Park (Portfolio) Palm Beach 173,812 $149 McCraney Property Co Cabot Properties Note: Deals include sales of industrial buildings over 80,000 SF. MIAMI | 1111 Brickell Avenue, Suite 2000, Miami, FL 33131 | 305.350.0915 ngkf.com RESEARCH | 1 RESEARCH SOUTH FLORIDA INDUSTRIAL INVESTMENT SALES LAST 12-MONTH SALES CONT’D Sold Building County RSF PSF Seller Buyer Oct-18 Port 95 Distribution Center Broward 84,006 $177 Guardian Life Insurance TA Realty Supervalu Dist Center-1141 SW 12th Ave Oct-18 Broward 787,500 $121 Fortress CenterPoint Properties (Portfolio) Oct-18 Fine Art Lamps-5770 Miami Lakes Dr Miami-Dade 191,929 $83 Max Blumberg EverWest RE Investors Oct-18 3125 Fortune Way (Portfolio) Palm Beach 79,845 $132 Martin S Steinhardt Stephen L Cooperman Sep-18 7440 NW 79th St (Portfolio) Miami-Dade 327,885 $106 COFE Properties TA Realty Sep-18 8130 NW 74th Ave Miami-Dade 139,270 $106 COFE Properties TA Realty Aug-18 9439 West Commercial Blvd Broward 276,591 $93 Prologis, NBIM New York Life Aug-18 Airport East Distribution Center (Portfolio) Miami-Dade 458,644 $50 Equitable Real Estate Partners CenterPoint Properties Jul-18 Palmetto Lakes Industrial Park (Portfolio) Miami-Dade 192,985 $64 TA Realty Deutsche AWM - US Jul-18 16100 Northwest 49th Ave (Portfolio) Miami-Dade 97,189 $106 Michael J Buzzella Elion Partners Jun-18 Hellmann Worldwide Miami Miami-Dade 246,936 $175 Hellmann Worldwide Logistics ILPT REIT Jun-18 Synergy Custom Fixtures-213 SE 10th Ave Miami-Dade 302,000 $80 Terreno Realty ASB Real Estate Investments Jun-18 1500 NW 95th Ave Miami-Dade 115,477 $87 George Barquin Emily Croft Jun-18 8050 NW 90th St Miami-Dade 59,343 $211 John T Phillips Odyssey Engines Jun-18 Weston Distribution Center Broward 225,760 $134 Becknell Industrial GLL RE Partners Jun-18 3630 NW 25th Ave (Portfolio) Miami-Dade 211,852 $107 iStar Financial Dayan Family Supervalu Dist Center-1141 SW 12th Ave May-18 Broward 787,500 $86 Supervalu Inc Fortress (Portfolio) Countyline Park Warehouse (Bld 1-3) Mar-18 Miami-Dade 1,058,000 $175 Flagler Global Logistics Duke Realty (Portfolio) Mar-18 Sunrise Business Center Broward 124,271 $124 Cabot Properties BREIT Feb-18 Aventura Bus Pk-20725NE 16th Ave Miami-Dade 204,819 $145 Bristol Group Inc KEI Properties PGA Design Center-4001 Design Center Jan-18 Palm Beach 145,536 $71 BBX Capital Southern Investments Partnership (Portfolio) Jan-18 Aljoma Lumber Inc.-10300 NW 121st Way* Miami-Dade 452,109 $79 Universal Forest Products Duke Realty Note: Deals include sales of industrial buildings over 80,000 SF. * Aljoma Lumber Inc. (10300 NW 121st Way) was a land sale made with intentions to develop industrial warehouses. WHAT’S ON THE MARKET? Building County RSF Listing Company Seller 1101 E 33rd St Miami-Dade 164,388 Marcus & Millichap Interstate Resources, Inc America's International Center Miami-Dade 145,331 Commercial Property Group Americas Internatioanl Ctr Ltd Medley Industrial Center-6891 NW 74th St Miami-Dade 142,804 Cushman & Wakefield First Industrial Realty Trust Newsdealers-10100 NW 25th St Miami-Dade 106,769 Cushman & Wakefield Terreno Realty Corporation Airport Industrial Park-1590 Florida Mango Rd Palm Beach 101,112 KW Commercial Lis Holdings 18500 NE 5th Ave Miami-Dade 95,614 Berkshire Hathaway Leeman Properties Fromberg-155 SE 10th Ave Miami-Dade 81,656 Vivo Real Estate Group Miami Souvenirs, Inc 5800 NW 32nd Ave Miami-Dade 80,000 KW Commercial Dis Investments LLC Pharmed Industrial Park-3075 NW 107th Ave Miami-Dade 80,000 DiGiacomo Group Allplus MIAMI | 1111 Brickell Avenue, Suite 2000, Miami, FL 33131 | 305.350.0915 ngkf.com RESEARCH | 2 RESEARCH SOUTH FLORIDA INDUSTRIAL INVESTMENT SALES WHAT’S UNDER CONTRACT? Building Submarket RSF Listing Company Seller MacArthur Dairy-3000 NW 123rd St Miami-Dade 54,874 CBRE Zurich Financial Note: Being sold for land opportunity TOP BUYERS & SELLERS IN SOUTH FLORIDA INDUSTRIAL PROPERTY TYPES | 12-MONTH TOTALS ACQUISITIONS TOP BUYERS CenterPoint COMPANY Duke Realty* Fortress TA Realty Blackstone Properties** $ VOLUME $221M $118M $67M $64M $59M DISPOSITIONS TOP SELLERS Hellman Flagler Global COMPANY Fortress**** Supervalu Inc. COFE Properties Worldwide Logistics*** Logistics $ VOLUME $221M $95M $67M $49M $43M Note: Includes select sales listings of industrial buildings over 80,000 SF. *The purchase of Countyline Corporate Park **The purchase of Airport East Distribution Center ***The sale of Countyline Corporate Park **** The resale of Supervalu Distribution Center MIAMI | 1111 Brickell Avenue, Suite 2000, Miami, FL 33131 | 305.350.0915 ngkf.com RESEARCH | 3 RESEARCH SOUTH FLORIDA INDUSTRIAL INVESTMENT SALES TOTAL INVESTMENT SALES $7 $6.5B $6.0B $6.0B $6 $5 $4.4B $4 DID YOU KNOW? $2.7B BY THE NUMBERS $3 INVESTMENT SALES Billions ($) $2 2018 sales volume surpassed 2016’s record-breaking year by over $500 M. $1 $- 2014 2015 2016 2017 2018 1H (1ST HALF) 2H (2ND HALF) DID YOU KNOW? PRICE PER SQUARE FOOT & YEAR-OVER-YEAR GROWTH RATE 2018 3.4% 2017 DID YOU KNOW? -4.7% BY THE NUMBERS 2016 PRICE PER SQUARE FOOT 13.1% The 12-month average price/SF rose 3.4% from 2017 to 2018. Since 2014, 2015 the average price/SF of industrial 15.1% sales has jumped by 28.4%. 2014 $- $20 $40 $60 $80 $100 $120 Source: NKF Research, RCA, CoStar The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. FOR MORE INFORMATION: ERIC MESSER, Research Services Manager [email protected] MIAMI | 1111 Brickell Avenue, Suite 2000, Miami, FL 33131 | 305.350.0915 ngkf.com RESEARCH | 4.
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