Longpoint Partners has acquired a 10-building industrial portfolio in Miami-Dade County for $195 million, purchasing the assets from Brookfield Asset Management. The transaction adds a sizable collection of infill warehouse properties to Longpoint’s holdings in one of the country’s most active industrial markets.
The portfolio totals 729,901 square feet of industrial space situated on approximately 41.8 acres. The buildings are located across established Miami industrial submarkets, positioning the assets within a mature logistics and distribution ecosystem that serves both local and regional demand.
At the time of the acquisition, the properties were reported to be 90% occupied. The portfolio’s tenant roster includes 74 occupants, with an average tenant footprint of approximately 9,864 square feet. This points to a diversified small- to mid-bay tenant mix rather than reliance on a single large user, spreading leasing exposure across multiple businesses.
The 10 buildings in the portfolio average roughly 72,990 square feet each. Physical characteristics include clear heights ranging from 17 to 25 feet, which can accommodate a range of warehouse and distribution uses. The properties feature a total of 231 loading positions along with front and rear loading configurations, supporting efficient truck circulation and goods movement.
The assets are described as having a floor area ratio of 40%, providing an infill industrial footprint with meaningful building coverage relative to the land area. These specifications contribute to flexible space layouts that can serve a broad variety of industrial users, including logistics, light manufacturing, and service-oriented occupiers.
Longpoint acquired the portfolio at a price of approximately $267 per square foot, based on the stated building square footage. The pricing underscores investor appetite for functional industrial product in supply-constrained submarkets where land availability and new development options can be limited.
The portfolio aligns with Longpoint’s stated focus on functional assets in infill locations with barriers to new supply. The combination of strong occupancy, diversified tenancy, and modern warehouse features positions the properties to continue serving a wide base of industrial users.
Longpoint maintains offices in Miami and Fort Lauderdale, reinforcing its regional presence and familiarity with South Florida industrial fundamentals. The firm cites Miami’s population growth, proximity to major consumer markets, and access to key transportation infrastructure as ongoing drivers of demand for well-located industrial space.
These market characteristics continue to support investor interest in established industrial submarkets within Miami-Dade County, where logistics, trade, and distribution activity benefit from the area’s role as a gateway to domestic and international markets.
