Cofe beefs up South Florida industrial portfolio with $27M acquisition

Cofe Properties expanded its Miami-Dade industrial portfolio, purchasing two warehouse complexes in northwest Miami-Dade County for $26.8 million.  An affiliate of Miami-based Cofe, led by Eugenio Cosculluela and Mario Fernandez, acquired Milam Dairy Commerce Center I and II at 6700 Northwest 72nd Avenue and 7205 Northwest 68th Street near Medley, according to the brokers who handled the transaction.  The complexes span roughly 100,000 square feet, so Cofe paid $268 a square foot.  The two properties appreciated significantly since both sites were previously sold in the 1980s and 1990s. The seller, Miami-based Prudence Investments, paid $800,000 for the site of the […]This article originally appeared on The Real Deal. Click here to read the full story.