On September 27, 2023, an industrial condo at 13313 NW 47 Avenue, strategically located in the Airport South Commerce Center Industrial Park just south of the Opa-Locka airport, witnessed a noteworthy off-market transaction. The exclusive deal, orchestrated by James Hawkins, Principlal Broker of Hawkins Commercial Realty, adds to a series of successful industrial property sales in the northern part of Miami-Dade brokered by this distinguished commercial real estate figure in recent months.
The property, boasting 1,650 square feet, changed ownership for $390,000, representing a shift from its 2008 purchase price of $200,578. This unique valuation was derived by assigning a third of a three-unit sale, totaling $601,733. Despite the apparent decrease, this transaction aligns with the prevailing trends in the Miami industrial market, with the current sale equating to approximately $236 per square foot.
James Hawkins’ proficiency in orchestrating exclusive deals is a testament to his extensive background. Formerly a Senior Vice President, Senior Portfolio Manager, and esteemed Chairman’s Club member at Morgan Stanley, Hawkins brings a wealth of financial expertise to his role as a commercial real estate broker. Moreover, his entrepreneurial spirit shines through his experience as a founder and leader of companies in technology, industrial services, and specialty retail.
This wealth of experience has equipped Hawkins with a unique skill set, allowing him to employ sophisticated strategies and proprietary systems, finely tuned through years of diverse experience. These systems, designed to pinpoint properties with specific characteristics, give Hawkins and his clients a strategic advantage in the market.
The industrial condo’s strategic location in the Airport South Commerce Center Industrial Park offers unparalleled value. Its proximity to major transportation arteries, including FL-826 and I-75 via the Gratigny Parkway (SR 924), enhances its appeal, making it an ideal hub for businesses with logistical and transportation requirements.
The seller, Systems Link International LLC, an affiliate of ITMS Group led by Robert Wing, adds a layer of diversity to the commercial real estate landscape. ITMS Group, as detailed on their website (itmsgroup.net), is a dynamic enterprise with a focus on delivering innovative technology solutions across various sectors.
The buyer, Eleven Design Studio LLC, an affiliate of Cielito Artisan Pops led by Ivan Sussman and Sindy Posso, is set to make the most of this strategic acquisition. Cielito Artisan Pops, showcased on their website (cielitoartisanpops.com), is a vibrant business specializing in delectable artisanal popsicles. The industrial condo aligns with Eleven Design Studio’s vision, providing them with an optimal location to support their operations and capitalize on the dynamic market.
In a related development, James Hawkins listed the adjacent property owned by Systems Link International LLC, featuring two industrial condos combined into primarily office space, as a sale-leaseback offering. This move adds another layer of complexity and strategic thinking to Hawkins Commercial Realty’s recent endeavors in the northern part of Miami-Dade.
In conclusion, the off-market sale of the industrial condo at 13313 NW 47 Avenue not only showcases James Hawkins’ prowess in navigating the commercial real estate landscape but also emphasizes the sophistication and strategic acumen he brings to the table. As new owners Eleven Design Studio LLC embark on their journey in this prime industrial space, the transaction stands as a testament to the dynamic and diverse nature of commercial real estate in the Opa-Locka area.