Doral Warehouse Sells, More Than Doubles In Value
The sale price breaks down to approximately $309 per square foot.
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The sale price breaks down to approximately $309 per square foot.
Gordon Messinger and Randy Carballo with CBRE represented the landlord in all lease negotiations.
The company intends to invest an additional $10 million into refurbishing the property.
The development includes a new 12,210-square-foot campus for Barry University’s College of Nursing and Health Services.
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One tenant was represented by Tom O’Loughlin of CBRE, and the other was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Peter “PJ” Apol and Ryan Goggins represented Sunbeam Properties & Development in both deals.
The new assignments total more than 200,000 square feet.
The project spans 43 acres and brings a vibrant mix of residential, retail, and office space to the growing Congress Avenue corridor.
In the latest lease transaction, The Farmer’s Dog signed a lease for the entire ground floor of the 6501 building located within the Park at Broken Sound Business Park.
The site recently received site plan approval from the City of Miami for a three-building, eight-story mixed-use development consisting of 1,050 residential units and 49,737 square feet of commercial space.
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