Downtown Miami FedEx Warehouse Sells for $37 Million
The distribution facility with future development potential trades for $31 million an acre.
July 11, 2017 at 01:00 PM
4 minute read
FedEx's downtown Miami distribution center comes with a $37 million price tag.
Long Island-based developer Lalezarian Properties pocketed the colorful, six-story, 110,000-square-foot building at 200 S. Miami Ave. in a $37.25 million deal, Cushman & Wakefield announced Tuesday.
The New York group paid $31 million an acre, or about $712 per square foot of land, for the 1.2-acre site.
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