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Kerdyk Real Estate has handled the $7.5 million purchase and sale of 98,222 square feet of vacant land at 1355 NE 119 Street in North Miami.
The buyer was Stor-All Acquisitions LLC, an affiliate of Stor-All Storage, one of the largest privately held self-storage companies in the U.S., which plans to develop the site into 300,000 square feet of self-storage space. The seller was Windsor Family Group LLC.
Kerdyk Real Estate associate John-Paul Piedra represented both the buyer and the seller in this ‘off market’ deal.
“Off market deals provide more options to buyers and sellers especially now when commercial real estate investing is tight,” said William H. “Bill” Kerdyk Jr., president and CEO of Kerdyk Real Estate.
The growth in the multifamily market in South Florida has been driving demand for self-storage facilities. According to Stor-All Storage, this property was selected due to its convenient access to both Miami-Dade and Broward counties.
Founded in 1926, Kerdyk Real Estate is one of the largest independent full-service companies in South Florida specializing in the leasing, sale and management of commercial and residential properties. For more information, visit www.kerdyk.com.
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