Cabot Properties paid $71.6 million for the Bridge Point Miramar distribution center.
The Boston-based logistics real estate investor bought the industrial building at 15501 Southwest 29th Street from Chicago-based Bridge Industrial, according to the seller’s broker’s news release.
Mike Davis and Rick Brugge of Cushman & Wakefield closed the deal on behalf of Bridge Industrial. Chris Metzger and Matt McAllister of Cushman will lease the property.
The deal for the 304,428-square-foot facility breaks down to $235 per square foot.
The recently renovated warehouse has rear-loading, 32-foot clearing heights, 50-foot by 50-foot column spacing and 46 high-dock doors, according to the release.