{"id":9169,"date":"2023-08-24T11:36:08","date_gmt":"2023-08-24T15:36:08","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=9169"},"modified":"2023-09-22T12:49:50","modified_gmt":"2023-09-22T16:49:50","slug":"lee-associates-south-florida-closes-sale-of-miami-industrial-building","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2023\/08\/24\/lee-associates-south-florida-closes-sale-of-miami-industrial-building\/","title":{"rendered":"Lee &amp; Associates South Florida Closes Sale of Miami Industrial Building"},"content":{"rendered":"<div id=\"pl-9169\"  class=\"panel-layout\" ><div id=\"pg-9169-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-9169-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9169-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-5b99f59c01c9-9169\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/PR-Banner_Closed_18631-SW-105th-Ave.png\" width=\"1250\" height=\"521\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/PR-Banner_Closed_18631-SW-105th-Ave.png 1250w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/PR-Banner_Closed_18631-SW-105th-Ave-512x213.png 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/PR-Banner_Closed_18631-SW-105th-Ave-768x320.png 768w\" sizes=\"(max-width: 1250px) 100vw, 1250px\" title=\"Senior Vice President Andrew Whitby served as sole broker in $1.82 million transaction\" alt=\"Senior Vice President Andrew Whitby served as sole broker in $1.82 million transaction\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<h3 class=\"widget-title\">Senior Vice President Andrew Whitby served as sole broker in $1.82 million transaction<\/h3><\/div><\/div><div id=\"panel-9169-0-0-1\" class=\"so-panel widget widget_sow-image-grid panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image-grid so-widget-sow-image-grid-default-0d1da0070fc5-9169\"\n\t\t\t\n\t\t><\/div><\/div><\/div><\/div><div id=\"pg-9169-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-9169-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9169-1-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>MIAMI, FL (August 24, 2023)<\/strong> \u2013<a href=\"https:\/\/www.lee-associates.com\/southflorida\/\"> Lee &amp; Associates South Florida<\/a> Senior Vice President <a href=\"https:\/\/www.lee-associates.com\/southflorida\/our-team\/andrew-whitby\/\">Andrew Whitby<\/a> successfully brokered the sale of an industrial building in Miami\u2019s Cutler Bay submarket. The $1.82 million transaction closed on August 18th.<\/p>\n<p>Whitby represented seller Overholt Construction Corp., which sold the 6,140-square-foot warehouse to Brian Smith. The 18631-18637 SW 105th Ave. property also includes 2,995 square feet of office space. The site has excellent access to Florida\u2019s Turnpike and U.S. 1\/South Dixie Highway.<\/p>\n<p>Overholt is an existing client of Whitby\u2019s.<\/p>\n<p>\u201cWe are pleased to secure a favorable outcome for our client and complete this transaction in a challenging environment for investment sales,\u201d Whitby said. \u201cThe Cutler Bay submarket continues to experience tremendous growth, which is creating demand for well-located industrial product.\u201d<\/p>\n<p>Whitby specializes in industrial sales and leasing. He joined Lee &amp; Associates South Florida in early 2022, bringing seven years of experience in both sales and leasing covering all areas of commercial real estate, including office, retail, apartments and a heavy focus in warehouse and industrial transactions.<\/p>\n<p>Prior to joining Lee &amp; Associates, Whitby served as a commercial real estate sales and leasing specialist with Southeast Property Management. While there, he aided clients with commercial property sales, leasing and property management, developing and executing strategic marketing plans, conducting ROI analysis on properties for potential investors and \u2018best use\u2019 analysis on specific properties.<\/p>\n<p>Whitby\u2019s extensive background in finance includes seven years working for a multi-strategy hedge fund, with a focus on credit and equity markets. He also has experience as a strategist and trade specialist in fixed income, equities, currencies and commodities.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-9169-1-0-1\" class=\"so-panel widget widget_sow-image-grid panel-last-child\" data-index=\"3\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image-grid so-widget-sow-image-grid-default-46e3cddde1e5-9169\"\n\t\t\t\n\t\t>\t<div\n\t\tclass=\"sow-image-grid-wrapper\"\n\t\t\t\tdata-max-height=\"175\"\t>\n\t\t\t\t\t<div class=\"sow-image-grid-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"295\" src=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/Google-Streetview-512x295.jpg\" class=\"sow-image-grid-image_html\" alt=\"\" title=\"Google Streetview\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/Google-Streetview-512x295.jpg 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/Google-Streetview-768x442.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/Google-Streetview.jpg 1277w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/>\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"sow-image-grid-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"270\" src=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-SW_Area-Overview-512x270.jpg\" class=\"sow-image-grid-image_html\" alt=\"\" title=\"18631 SW_Area Overview\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-SW_Area-Overview-512x270.jpg 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-SW_Area-Overview-1280x676.jpg 1280w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-SW_Area-Overview-768x406.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-SW_Area-Overview-1536x811.jpg 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-SW_Area-Overview.jpg 1657w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/>\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"sow-image-grid-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"384\" src=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-18637-SW-105th-Ave-512x384.jpg\" class=\"sow-image-grid-image_html\" alt=\"\" title=\"18631-18637 SW 105th Ave\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-18637-SW-105th-Ave-512x384.jpg 512w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-18637-SW-105th-Ave-1280x960.jpg 1280w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-18637-SW-105th-Ave-768x576.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-18637-SW-105th-Ave-1536x1152.jpg 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/18631-18637-SW-105th-Ave.jpg 2048w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/>\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-9169-2\"  class=\"panel-grid panel-has-style\" ><div class=\"panel-row-style panel-row-style-for-9169-2\" ><div id=\"pgc-9169-2-0\"  class=\"panel-grid-cell\" ><div id=\"panel-9169-2-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"4\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p style=\"text-align: justify\"><a href=\"https:\/\/www.lee-associates.com\/southflorida\/\"><strong><u>About Lee &amp; Associates | South Florida<\/u><\/strong><\/a><\/p>\n<p>Lee &amp; Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee &amp; Associates is the largest agent owned brokerage in the nation with Senior Agent\u2019s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making.\u00a0 The Lee &amp; Associates\u2019 robust national network that sold and leased over $32 Billion in 2022 offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee &amp; Associates South Florida, visit <a href=\"http:\/\/www.lee-associates.com\/\">leesouthflorida.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/leesouthflorida\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/leesouthflorida\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/leesouthflorida\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.instagram.com\/leesouthflorida\">Instagram<\/a>, our company <a href=\"https:\/\/www.lee-associates.com\/southflorida\/news\/\">local news<\/a>.<\/p>\n<p style=\"text-align: justify\"><a href=\"http:\/\/www.lee-associates.com\"><strong><u>About Lee &amp; Associates<\/u><\/strong><\/a><\/p>\n<p>Lee &amp; Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee &amp; Associates has grown its service platform to include over 75 offices\u00a0in the United States and Canada. Lee &amp; Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. \u00a0For the latest news from Lee &amp; Associates, visit\u00a0<a href=\"http:\/\/www.lee-associates.com\/\">lee-associates.com<\/a>\u00a0or follow us on\u00a0<a href=\"https:\/\/www.facebook.com\/LeeAssociatesCRE\">Facebook<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/lee-and-associates\">LinkedIn<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/LeeAssociatesRE\">Twitter<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.linkbylee.com\/\">Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-9169-2-0-1\" class=\"so-panel widget widget_sow-image panel-last-child\" data-index=\"5\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-dbf295114b96-9169\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/southflorida\/services\/\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Industrial-Specialty-scaled.jpg\" width=\"2560\" height=\"384\" srcset=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Industrial-Specialty-scaled.jpg 2560w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Industrial-Specialty-300x45.jpg 300w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Industrial-Specialty-1024x154.jpg 1024w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Industrial-Specialty-768x115.jpg 768w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Industrial-Specialty-1536x230.jpg 1536w, https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2020\/02\/Blog-Footer_Industrial-Specialty-2048x307.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" title=\"Blog Footer_Industrial Specialty\" alt=\"Industrial Services\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>MIAMI, FL (August 24, 2023) \u2013 Lee &amp; Associates South Florida Senior Vice President Andrew Whitby successfully brokered the sale of an industrial building in Miami\u2019s Cutler Bay submarket. The $1.82 million transaction closed on August 18th. Whitby represented seller Overholt Construction Corp., which sold the 6,140-square-foot warehouse to Brian Smith. The 18631-18637 SW 105th Ave. property also includes 2,995 square feet of office space. The site has excellent access to Florida\u2019s Turnpike and U.S&#8230;.<\/p>\n","protected":false},"author":76,"featured_media":9170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,105,2],"tags":[1830,1837],"class_list":["post-9169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-industrial","category-press-releases","tag-andrew-whitby","tag-deals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee &amp; Associates South Florida Closes Sale of Miami Industrial Building - Lee &amp; Associates South Florida<\/title>\n<meta name=\"description\" content=\"Senior Vice President Andrew Whitby served as sole broker in $1.82 million transaction of an industrial building in Miami&#039;s Cutler Bay submarket\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/southflorida\/2023\/08\/24\/lee-associates-south-florida-closes-sale-of-miami-industrial-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; Associates South Florida Closes Sale of Miami Industrial Building\" \/>\n<meta property=\"og:description\" content=\"Senior Vice President Andrew Whitby served as sole broker in $1.82 million transaction of an industrial building in Miami&#039;s Cutler Bay submarket\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/southflorida\/2023\/08\/24\/lee-associates-south-florida-closes-sale-of-miami-industrial-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates South Florida\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-24T15:36:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-22T16:49:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/southflorida\/wp-content\/uploads\/sites\/62\/2023\/08\/PR-Banner_Closed_18631-SW-105th-Ave.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1250\" \/>\n\t<meta property=\"og:image:height\" content=\"521\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"ssabatier\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ssabatier\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/08\\\/24\\\/lee-associates-south-florida-closes-sale-of-miami-industrial-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/2023\\\/08\\\/24\\\/lee-associates-south-florida-closes-sale-of-miami-industrial-building\\\/\"},\"author\":{\"name\":\"ssabatier\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/southflorida\\\/#\\\/schema\\\/person\\\/d5447dfddeb31f214f5f2eb84c74068a\"},\"headline\":\"Lee &amp; 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