OPA LOCKA, Fla., December 14, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Dyplast Products, a 80,532-square foot net-leased property located in Opa-locka, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $5,365,000.
Paul Bouldin, an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Dyplast Products, LLC manufactures and markets polyisocyanurate and expanded polystyrene (EPS) rigid foam products for insulation applications in low and mid-temperature conditions in the United States. It offers unfaced polyisocyanurate products in the forms of bun stock, sheets, blocks, and chunks for commercial and industrial refrigeration, pipe, equipment, and tanks. The company also provides EPS blocks/sheets, geo foams, holey-boards, architectural shapes for refrigeration, freezer, transportation, building walls, ground fill, concrete commercial roof and architectural building applications. It serves construction, roofing, refrigeration, transportation, petrochemical, pharmaceutical and marine industries. Dyplast Products, LLC was formerly known as Apache Products and changed its name to Dyplast Products, LLC in September 2003. The company was founded in 1962 and is based in Opa-locka, Florida.
Dyplast Products is located at 12501 NW 38th Ave in Opa-locka, Fla.
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About Marcus & Millichap (NYSE: MMI)
With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com