Longpoint Acquires Miami-Dade Industrial Portfolio Worth $195 Million
Longpoint Partners has acquired a 10-building industrial portfolio in Miami-Dade for $195 million, totaling approximately 729,901 square feet. The properties are currently 90% occupied by 74 tenants and feature 231 loading positions with clear heights up to 25 feet. This acquisition builds on Longpoint's earlier purchase of a South Florida industrial portfolio in 2023 for $262 million, significantly expanding its presence in the region. The buildings offer rear- and front-loading configurations and have a floor area ratio of 40%. The firm highlighted Miami’s population growth, access to transportation infrastructure, and proximity to consumer markets as key advantages. Longpoint's strategy focuses on small-bay industrial assets with diverse tenant bases located where new supply is limited. This latest acquisition adds scale to the company's South Florida operations, bringing its total portfolio in the region beyond 2.1 million square feet since 2023.
Topics: commercial real estate industrial portfolio Longpoint Partners Miami-Dade