May 25, 2020
Avison Young’s Florida Capital Markets Group has arranged the $7.5 million sale-leaseback of the RAM Steel Framing headquarters building, a 105,000-square-foot industrial facility in Miami’s Hialeah industrial corridor.
David Duckworth, Michael Fay, John Crotty, Brian de la Fé, David Spillers, Emily Brais and Berkley Bloodworth of Avison Young represented the seller, RAM Steel Framing, in the transaction. The buyer was Zaragon Inc.
Located within an Opportunity Zone along Miami’s Hialeah industrial corridor, the industrial asset is approximately three miles from the Miami International Airport to the south, and six and a half miles from Port Miami to the east.
“The sale-leaseback represents a trend of single-tenant industrial deals having the highest chance to close in the current market environment,” said Duckworth. “With the investment appeal of RAM Steel Framing as a high-quality tenant, we successfully negotiated and closed the deal during the COVID-19 shutdown without any pricing adjustments.”
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