Wednesday, September 14, 2011
Thursday, September 1, 2011
Thursday, August 4, 2011
For Sale or Lease, Manufacturing Warehouse in Doral, by ComReal Miami
Available for Sale or Lease is this excellent manufacturing/ repair facility in Doral, located at 9100 NW 58th ST. This +/- 27,000 SF warehouse offers great exposure on NW 58th Street. Property has four, 16' x 17' steel roll up doors; additionally, it has one dock, truck-well that serves all sections of the building. The ceiling height in the warehouse ranges from 18' - 22' clear. It's centrally located, 5 miles from Miami International Airport; between the Palmetto Expressway SR 826 and Florida's Turnpike. The property includes a painting booth already installed and operating. Property can be divided to a minimum of +/- 8,000 SF. Owner will consider a lease with purchase option and/or owner financing. Contact our Miami Warehouse Team at 786-433-2380 for further details on this unique property. Para Español puede contactar a Edison Vasquez al 786-433-2383
Wednesday, July 27, 2011
Freestanding Warehouse in Doral Available For Sale or Lease, by ComReal Miami
Miami Warehouse Team presents the ideal Headquarters Building; freestanding warehouse building with frontage to NW 25th ST in Doral. This unique +/- 25,000 Sq. Ft. warehouse building is located right on NW 25th St, on the Finger Lakes. The building has six dock height recessed loading positions (2 Fully recessed and 4 half recessed). Warehouse space is fully air conditioned. The building is located minutes away from Dolphin (SR 836), Palmetto (SR 826) Expressways, Florida Turnpike and Miami International Airport. The building is available For Sale and For Lease. Contact our Miami Warehouse Team at 786-433-2380 for further details on this unique property. Para Español, contactar a Edison Vasquez al 786-433-2383.
Thursday, June 16, 2011
Thursday, May 5, 2011
Land for Sale at Eastgate Park
- Class A Business Park
- 14.7 Acres
- Foreign Trade Zone Status
- Plans for 200,000 sq. ft. Class A Warehouse Spaces in 5 Buildings
- Joint Venture, Owner Financing Considered
- Right Across from Race Track
- Entitlements in Hand
- Custom Build-to-Suit Construction Available
- Individual Buildings may be Conveyed
Tuesday, May 3, 2011
Sunday, May 1, 2011
Friday, April 29, 2011
The ComReal Miami Warehouse Team
Tuesday, April 19, 2011
ComReal Miami’s Warehouse Team Attends Expo Colombia in Miami
Businesses from all parts of Colombia made their presence in South Florida on the weekend of April 08th, 2011 at Expo Colombia Miami. The event took place at Miami Airport Convention Center; this is one of the largest exhibitions in the country to promote Colombia’s economy. This exhibition promoted industries including education, fashion, food and beverages, crafts, health and beauty, and technology. There was also a large number real estate companies promoting different properties in Colombia. ComReal Miami’s Industrial Team, the specialists in warehouses in Miami, attended the opening ceremony and visited the different business present. “This is really a great event to promote Colombia here in the United States; Colombia is one of the main trading partners with South Florida and the numbers of businesses present here supports that presence.” Added Edison Vasquez. Among the participants and organizers, was the Colombian American Chamber of Commerce, whose offices are at Miami Free Zone in Doral. For more information you can check the Expo Colombia Miami brochure, visit the Colombian American Chamber of Commerce or our offices at Miami Free Zone. 786-433-2380.
Friday, April 15, 2011
Monday, February 14, 2011
Dan Berkovitz joins ComReal Miami
As reported in the Miami Today on Feb 10, 2011, Dan Berkovitz joins ComReal Miami as an industrial associate. Dan Berkovitz has been with ComReal since July 2010 and brings value to the Miami Warehouse Team.
As the article states, "He was hired because of his leadership experience and logistical knowledge, as he served four years in the Marine Corps in supply/logistics."
For more information on how Dan Berkovitz can help you, call him at 786.433.2098.
or check out his real estate related postings at DanBerkovitz.com
"Miami Logistics Business Opportunity and Warehouses Acquired”
The following story illustrates how ComReal’s ability to synergize their Miami business division with their Miami industrial real estate division successfully facilitated the acquisition of a local logistics and trucking operation by a national company based out of state. The total transaction was valued at more than $4,000,000, involving six different companies and over 200,000 square feet of Miami warehouse space.
Sell Side Story-
A family owned business approached Michael Weihl head of ComBiz, ComReal’s business division, to sell their business and properties. Like many businesses in Miami multiple generations were involved. The company was founded and operated by the son over twenty years ago. He parlayed his knowledge of logistics with his parent’s knowledge in trucking to develop the company into a highly profitable niche in the public warehousing and transportation of commodities. Though successful, the ambitious son knew they had taken the business about as far as they could on their own, and when the parents said they were ready to cash out he was prepared to sell and move on to other projects. Having no idea how to accomplish this he hired ComReal. Mr. Weihl then proceeded to work with the family to prepare them for the transition. First, they did a full analysis of the business, initiating various changes that would add value to prospective acquirers. A full slate of materials and strategies were created to market the business confidentially. He quarterbacked a team of existing and new advisors in manners of legal, tax, retirement, and financial planning to help the family not only develop exit strategies to accomplish their business exit goals, but to meet their personal objectives as well.
Buy Side Story-
Meanwhile in New Jersey another multi generational family owned company had recently sold off the bulk of their logistics business to a large private equity firm from New York, they carved out a smaller piece of the company the Private Equity firm did not
understand and focused on its growth. With the capital and experience of having owned or managed over one million square feet of businesses and property they began seeking real estate and logistics opportunities nationally. One of their targeted areas was Miami. They liked the property market, but were less sure about its potential for their logistics operations. They turned to the ComReal Miami industrial team to find them large blocks of industrial property. The team led by Edward Redlich and Christopher Spear introduced them to various opportunities in real estate. During the course of their engagement they mentioned their merger and acquisitions specialist had a Miami logistics company for sale and introductions were made. The local company was presented as a way for them to ease into the Miami market through the purchase of a profitable niche business rather than starting from scratch. They agreed, after all of the non-disclosure agreements were signed they were presented with a seller’s memorandum. Encouraged by what they reviewed further deliberations were requested.
The Merger-
Thus began a yearlong process of courtship and negotiating. With the multiple advisors and company entities involved the deal often felt like a mid season NBA trade. But even facing economical, geographical and some cultural differences, ComReal’s implementation of a professional and well thought out transfer strategy combined with the mutual respect between the two principals, culminated in a successful transaction.
For the Miami Company, the sale of the business created enough cash to accomplish the parent’s retirement goals. The deal was structured so that the son retained a portion of ownership in the newly formed joint venture, with the proceeds of the sale he now has the option of staying with the company and being a part of its further expansion (within two months of the sale they have already opened a 100,000 sq. ft. warehouse in New Jersey and suppliers are requesting additional locations) moving on to another venture in a different field, or just taking a step back for a few years. His retained ownership stake in his rapidly growing company will allow him to take the proverbially second bite of the apple as the value of the business continues to rise.
For the out of state firm they now have an operating partner to impart his knowledge to their team during the company’s national growth expansion. In addition they now have a foothold in the Miami market from which they can utilize their capital to seek further opportunities in both the logistics business and their real estate portfolio.
ComReal looks forward to solving company’s business and real estate issues utilizing their ability to apply multiple perspectives and expertise. For more information on other Miami business opportunities visit www.ComBizMiami.com and visit www.MiamiWarehouseTeam.com for Miami warehouses for lease and/or sale.
Michael Weihl
Senior Associate
ComBiz Miami
T 786-433-2503
Mergers and Acquisitions