Two Multi-Million Dollar Warehouses Sold in South Florida


Paul Silverstein, President of the Florida Commercial Team & Senior Vice President of RE/MAX Advance Realty, recently completed two multi-million dollar warehouse sales in the South Florida area.

Miami, Florida (I-Newswire) February 19, 2013 - Paul Silverstein, President of the Florida Commercial Team & Senior Vice President of RE/MAX Advance Realty, recently completed two multi-million dollar warehouse sales in the South Florida area. The first sale was a 52,000 square foot Medley warehouse located at 12650 NW 107 Avenue. This 2005 Class A warehouse consisted of 9,000 square feet of offices in 2 stories, with 8 street level truck bays.

The selling price was $3,750,000, or $66.96 a square foot.

The second sale was a 25,000 square foot Doral warehouse located at 11475 NW 39. Also built in 2005, it consisted of 5,000 square feet of offices and 20,000 square feet of warehouse with 5 dock height doors and 2 truck wells.

The selling price was $2,600,000.00, or $104.00 a square foot.

According to Mr. Silverstein, both properties received multiple offers. "Quality warehouses are in high demand right now," he explained, "particularly in the Doral and Medley areas."

As evidenced by the Florida Commercial Team's slogan, Real Estate in Motion, the two warehouse properties didn't stay on the books very long. "This is partly due to the lack of new construction of warehouses over the past few years," stated Mr. Silverstein. "and partly because international buyers are purchasing commercial real estate in Miami in record numbers."

He expects this trend to continue through 2013 and beyond. "While new construction has started in some spots, it will take a number of years before enough construction is completed to catch up to the demand," he added. "In the meantime it's a seller's market."

Paul Silverstein has been successfully selling commercial real estate in Florida for over thirty years. He has been the recipient of numerous awards from RE/MAX International including the prestigious Platinum Award, 100% Club Award, the Executive Award, and the coveted Hall of Fame Award, and has been named by the National Association of Realtors as being in the top ½ of 1% of Realtors nationwide.

In 2009-2010 and 2011 he was recognized by RE/MAX International as one of the #5 Top Commercial Associates in the State of Florida by RE/MAX International. Year to date he is the Number 2 Top Commercial Associates in Florida.






About Florida Commercial Team

Paul Silverstein and the Florida Commercial Team have been successfully selling commercial real esta   More..te in Florida for over thirty years.Less..

Contact Information

Florida Commercial Team
Paul Silverstein
7220 Red Road
Coral Gables, FL
33158
Phone : 3057949773

Published in:

Business

Published On:

February 19, 2013

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.


Related Releases

Sturdy Gun Safe Offers American Made Gun Safes at the Best Prices
Sturdy Gun Safe has been offering American Made Gun Safes at the Best Prices. They are one of the best commercial gun and fire safe manufacturers in the USA.

Lotus Greens Yamuna Expressway - Select Your "Living Style"
The new entrant "Lotus Greens Developers" has launched another astonishing project at Yamuna Expressway of Sector-22D Greater Noida. Now-a-days, there is a huge demand for commercial or residential properties along with the luxury amenities.

Teknowledge Extends Its Social Media Campaigns To Behance
Teknowledge Mobile Studio recently laid down a marker for all its professional rivals, by adding Adobe Behance to its overall social media marketing portfolio. The best works of the company would be presented on the channel, and the company is lookin

Frontier Label Announces Discount Code For The Month
Frontier Label, the well-known labeling company offering custom printed labels and a variety of other options for different industries recently announced discount codes.

Las Vegas Home Being Sold By the Ballen Group
The Las Vegas real estate team, known as The Ballen Group, have entered into discussions with a buyer for a Las Vegas home located on Cherokee Avenue.