Simi Capital Acquires $31M Miami Industrial Portfolio from 30-Year Legacy Owner, Renews Long-Term Lease

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MIAMI & NEW YORK--(BUSINESS WIRE)--May 28, 2025--

Simi Capital Group, the real estate investment firm focused on various equity and debt strategies founded by Andrew Skydell and Jacob Diamond, today announced the acquisition of a coveted industrial portfolio in Miami, Florida for $31 million. The off-market transaction was handled by The Katsikos Group and further deepens Simi Capital's thriving local footprint while also reinforcing its expanding national presence.

This latest acquisition, located at 8505 NW 74th Street, comprises 80,000 square-feet on 10.5 acres. Strategically positioned at the intersection of NW 74th Street and the recently expanded 87th Avenue, the property neighbors Blackstone’s newly developed Link Logistics industrial complex and sits just two miles west of Miami International Airport. With excellent visibility and immediate access to major transportation routes, the site serves as a strategic hub ideal for industrial storage, logistics, maintenance, and manufacturing operations seeking to expand in this high-demand region.

The company has also has successfully negotiated a restructured 10-year lease with long-term tenant Iron Container, who is committed to the property and solidifying its continued presence in the Miami market. Rene Vivo, of Vivo Real Estate represented Iron Container in the transaction.

Miami's industrial market has remained resilient through early 2025, despite broader national market challenges. The region continues to show strong demand, with over 750,000 square feet of net absorption, fueled by key sectors including e-commerce, food and beverage, and freight forwarding.

This acquisition follows Simi Capital’s recent purchase of a 1.5-acre industrial outdoor storage site at 3500 Milam Dairy Road in Miami and continues Simi Capital’s progress in establishing themselves as leaders in niche industrial sectors nationally. The firm has a notable market presence in South Florida, as well as Charlotte, North Carolina; Nashville, Tennessee; Atlanta, Georgia; Columbus, Ohio; and major metropolitan areas across New York and New Jersey.

ABOUT SIMI CAPITAL GROUP

Simi Capital Group (SCG) is a real estate investment firm that focuses on various equity and debt strategies founded by Andrew Skydell and Jacob Diamond. With an office in New York and newly signed lease in Bay Harbor Islands, Miami, SCG is a vertically integrated owner, operator, developer, and lender of multifamily, industrial, retail, office, and hospitality assets. Offering a flexible capital and investment approach, SCG evaluates supply and demand across all market sectors and through different cycles, providing investors with highly attractive risk adjusted investment returns. For more information, visit www.simicap.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250528177383/en/

CONTACT: Rubenstein Public Relations

Kara Ryan,[email protected]

KEYWORD: FLORIDA NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Simi Capital Group

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PUB: 05/28/2025 12:42 PM/DISC: 05/28/2025 12:40 PM

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