Longpoint Partners has acquired a 10-building industrial portfolio in Miami-Dade County for $195 million, adding nearly 730,000 square feet to its South Florida holdings. The portfolio spans established industrial submarkets, was 90% occupied at closing and includes 74 tenants, reinforcing the firm’s focus on diversified, small-bay properties in supply-constrained locations.
Key takeaways
- The portfolio includes 729,901 square feet across approximately 41.8 acres.
- The properties were 90% occupied by 74 tenants at the time of closing.
- The buildings offer 231 loading positions and clear heights of up to 25 feet.
- The acquisition expands on Longpoint’s $262 million South Florida industrial purchase in 2023.
Portfolio details
Longpoint paid approximately $267 per square foot for the assets. The 10 buildings average about 72,990 square feet, while the average tenant occupies roughly 9,864 square feet. That relatively small average unit size supports a broad and diversified customer base rather than dependence on one or two major occupants.
The properties feature clear heights ranging from 17 to 25 feet, front- and rear-loading configurations and a combined 231 loading positions. The portfolio also has a 40% floor area ratio, offering flexible layouts for a range of industrial users.
Focus on small-bay industrial properties
The purchase aligns with Longpoint’s strategy of acquiring functional small-bay industrial buildings in established, infill locations where competing supply can be difficult to develop. These properties often serve local and regional businesses that need access to customers, transportation networks and labor markets.
Longpoint said Miami’s population growth, proximity to major consumer markets and transportation infrastructure support the portfolio’s long-term appeal. The diverse tenant roster also helps spread leasing risk across multiple businesses and industries.
Building a larger South Florida platform
The transaction adds to Longpoint’s growing presence in the region. In 2023, the firm acquired a 1.4 million-square-foot industrial portfolio spanning 12 Miami and Fort Lauderdale locations for $262 million. Combined with the latest purchase, the two disclosed transactions represent more than 2.1 million square feet of South Florida industrial real estate.
Longpoint maintains offices in Miami and Fort Lauderdale, giving it local sourcing, asset-management and operational capabilities. The firm’s vertically integrated platform is expected to support leasing, property improvements and execution of its investment plan.
What the acquisition signals
The deal underscores continued investor interest in multi-tenant industrial properties located near dense population centers and major transportation routes. By adding a sizable portfolio with existing occupancy and a wide tenant base, Longpoint is increasing its regional scale while maintaining its preference for smaller, functional industrial spaces.
For Miami-Dade, the transaction highlights the value of well-located industrial real estate as demand remains supported by population growth and limited opportunities to create new infill product.
Sources
- Longpoint Buys $195M Miami-Dade Industrial Portfolio, Yahoo Finance.
- Longpoint Acquires $195 Million Miami Industrial Portfolio, Pulse 2.0.