A 2.63 acre (114,588 square feet) development assemblage at approximately 16001 SW 117th Avenue in unincorporated Miami-Dade has traded. The property, which sold for $3,375,000, is zoned IU-C (Miami-Dade). The seller of the property was Woodspring Commercial Park LLC, which had purchased it in May of the preceding year for $2,298,000 from Nava Land Inc. The buyer is Miami based MZ Self Storage, led by Daniel Abreu. The sole broker on the sale was James Hawkins, Principal Broker of Miami based Hawkins Commercial Realty. This transaction, which was off-market, was the byproduct of a proactive acquisition campaign by Hawkins.
The property sits about 500 feet west of the Florida Turnpike, which is also known as the Ronald Reagan Turnpike. It is is accessible from the turnpike by way of the 152nd Street/Florida State Road 992 exit about eight blocks to the north. The Miami Metrozoo and planned Miami Wilds water park are to the west. This property is about 4 blocks north of 5 acres reportedly purchased earlier in the year for $7 million by Bomnin Automotive group from Calvary Church Ministries.