Longpoint Partners has acquired a 10-building industrial portfolio in Miami-Dade County for $195 million, adding a sizable cluster of infill warehouse assets in one of South Florida’s most established industrial corridors. The transaction involves a collection of properties located in established Miami industrial submarkets, though the seller’s identity was not disclosed.
The portfolio totals 729,901 square feet of industrial space situated on approximately 41.8 acres. At the time of acquisition, the assets were reported to be 90% occupied, with 74 tenants in place across the 10 buildings. Based on the stated occupancy and tenant count, the average tenant size is approximately 9,864 square feet, reflecting a base of smaller to mid-sized industrial users rather than a single dominant occupant.
The buildings in the portfolio average roughly 72,990 square feet each, providing a mix of size formats within a consistent industrial footprint. Physical specifications include clear heights ranging from 17 to 25 feet, a total of 231 loading positions, and front and rear loading configurations. The properties also feature a 40% floor area ratio, supporting efficient industrial use and on-site circulation.
On a pricing basis, Longpoint acquired the portfolio for approximately $267 per square foot. This metric, when combined with the current 90% occupancy level and diversified tenant roster, indicates that the transaction is anchored by an existing cash-flow profile rather than a pure lease-up or redevelopment play, although specific income metrics were not disclosed.
Longpoint notes that the characteristics of the buildings align with its strategy of targeting functional industrial assets in supply-constrained infill locations. The design features, loading capacity, and clear height range are intended to accommodate a broad spectrum of industrial users, from distribution and logistics tenants to a variety of smaller operators.
The firm maintains offices in both Miami and Fort Lauderdale, positioning it within the regional market it is investing in. Longpoint cited Miami’s population growth, proximity to major consumer markets, and access to critical transportation infrastructure as ongoing drivers of demand for well-located industrial space. In combination, these factors continue to support interest in infill warehouse product across Miami’s mature industrial submarkets.
