overview
The Preferred Freezer property was a state-of-the-art industrial building located at 12855 NW 113th Ct in Medley and was purchased for $28.6M in all cash sale. The warehouse was rented to Preferred Freezer Services with a 20- year NNN lease with options to extend. It is a specialized cold storage facility leased to a multinational company on long term lease. The property was highly stabilized with over 8.18% Cap rate at time of purchase. Javier Cardenal represented the buyer an Ultra High Net-Worth family from Venezuela who prefers to remain anonymous.
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With over 30 years of experience in the commercial real estate industry, Javier Cardenal is a trusted expert in South Florida. As the founder and CEO of Cardenal Realty Advisors, he leads a team of seasoned professionals who specialize in helping clients achieve their investment goals through sound real estate strategies. A Belen Jesuit Preparatory School alumni, Javier holds a degree in Psychology and International Business from FIU.
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