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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
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 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F4701e123-aafe-490a-b03e-e4b53e3b9c8c%2F9ff4ee4b-12ae-4022-9818-c8f568135119" onerror="this.style.display='none'" alt="Central Miami Airport Industrial Portfolio Image" style="object-fit: cover; width: 200px;" />
 Industrial 
 
 Central Miami Airport Industrial Portfolio
 
 Miami, FL 
 By Cushman &amp; Wakefield

 <a href="/user/6eea8a49-85f3-4602-992c-93c566f6f455" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Miguel Alcivar</a>
 
 Managing Director
 
 
 <a href="tel:3055332871" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">3055332871</a>
 

 <a href="https://platform.reverecre.com/project/4701e123-aafe-490a-b03e-e4b53e3b9c8c" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
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Cushman & Wakefield plc (together with its subsidiaries, “Cushman & Wakefield,” “the Company,” “we,” “ours” and “us”) is a leading global commercial real estate services firm with an iconic brand and approximately 50,000 employees led by an experienced executive team. We operate from over 400 offices in 60 countries, managing over 4.1 billion square feet of commercial real estate space on behalf of institutional, corporate and private clients. We serve the world’s real estate owners and occupiers, delivering a broad suite of services through our integrated and scalable platform. Our business is focused on meeting the increasing demands of our clients through a comprehensive offering of services including Property, facilities and project management, Leasing, Capital markets, Valuation and other services. In 2020, 2019 and 2018, we generated revenues of $7.8 billion, $8.8 billion and $8.2 billion, respectively, and service line fee revenue of $5.5 billion, $6.4 billion and $6.0 billion, respectively.

Executive Managing Director

Executive Vice Chair

Managing Director

Vice Chair

Senior Director

Executive Director

Director

INSTITUTIONALLY-SCALED AND MANAGED PORTFOLIO

Three buildings totaling +/- 192,400 SF across 7.55 acres (of which 5.19-acres or 68.7% is contiguous)

67.0% leased to four tenants with in-place rents 23.4% below market and 3.3 years of WALT remaining

SIGNIFICANT CAPITAL IMPROVEMENTS LIMIT FUTURE EXPOSURE

Over $5M in cumulative capital investment since 2021 including

New roofs, upgraded power, fire suppression, and security systems

Exterior and interior modernization including repaving, paint, and lighting

Located only 3.5 miles north of Miami International Airport, 8.1 miles from Port Miami and 4.2 miles to Florida East Coast Hialeah Rail Yard with immediate connectivity via rail spur access

Nearby access to I-95, SR-836, and SR-826 providing efficient connectivity to the greater South Florida region

INVESTMENT SALES

Cushman & Wakefield’s National Industrial Advisory Group is pleased to present the opportunity to acquire the Central Miami Airport Industrial

Portfolio (the “CHIP Portfolio”), a trio of value-add warehouse buildings collectively totaling ±192,400 square feet on 7.55 acres that are located at

6501 NW 37th Avenue, 6721 NW 36th Avenue, and 6865 NW 36th Avenue, respectively, within Miami-Dade County’s infill Airport East/Downtown

Featuring a mixture of IU-2 Heavy Industrial zoning; functional dock-high and grade-level loading; flexibility to accommodate full or split building tenant formats; secure gated access, and rare dual rail-spur access, the CHIP Portfolio provides economies of scale and both functional versatility and attractive relative value in rents to a range of industries. Notably, the portfolio has in recent years received more than $5 million in capital investment towards new roofs (2021-2024); upgraded electrical systems; new fire suppression; and interior/exterior renovations, limiting near-term capital exposure.

Miguel Alcivar is a member and partner of Cushman & Wakefield's South Florida Capital Markets Team, which specializes in providing sophisticated advisory services ranging from asset acquisition/disposition to structured debt and equity financing solutions to investors and property owners throughout South Florida.  Miguel spearheads market coverage, deal execution and business development efforts within Miami-Dade County.

After teaming up with co-leaders (Scott O'Donnell and Dominic Montazemi) at CBRE in 2007, Miguel helped build the team into one of the top producing investment sales teams specializing in the private capital arena in the South Florida market, as well as a perennial top producing team nationally at CBRE among the 50+ private capital teams.  During this period, Miguel was involved in the sale and financing of more than 8 million square feet of commercial properties totaling in excess of $1 billion in transaction volume on behalf of investors/developers ranging from private capital (e.g., high net worth individuals, family office, private equity funds) to institutions both domestic and abroad.  In 2015 Miguel and his nine person capital markets team joined Cushman & Wakefield of Florida, and partnered with C&W's statewide office/industrial institutional sales practice led by Mike Davis to offer clients enhanced local market expertise combined with unparalleled global access to private and institutional investment capital.

Before joining CBRE, Miguel was involved in debt capital raising and liability management transactions totaling in excess of US$35 billion for sovereign and corporate clients as an investment banking analyst on the Latin American Debt Capital Markets desk at Salomon Smith Barney (Citigroup) in New York. Miguel graduated with honors from Amherst College and received his MBA from Dartmouth Business School.  Miguel is a LEED accredited professional and has a mortgage broker's license.

Overview

Investment Highlights

Photo Gallery

INVESTMENT SALES

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