Five-Building Industrial Business Park In Miami Trades For $198 Million
The seller paid $45 million for the 37.4-acre site in 2004.
The seller paid $45 million for the 37.4-acre site in 2004.
Daniel P. Cook, Owner and President of Cook Commercial Realty, Inc., exclusively represented the buyer, PSTS Holdings Corp, in the purchase.
Wayne Ramoski of Cushman & Wakefield and Kemp Conrad of Cushman & Wakefield | Commercial Advisors represented the seller in the transaction.
CBRE’s Larry Genet, Tom O’Loughlin, Noah Ohayon and Zack Krawiec negotiated the sale.
The landmark business park totals approximately 3.6 million square feet and is home to more than 350 companies.
The park was fully leased at the time of sale to 46 tenants.
Built in 1983, Doral Industrial sits on just over 4.5 acres.
C&W’s Wayne Ramoski and Skylar Stein will oversee leasing efforts.
The sellers bought the two properties in 1996.
Raul Bode and Alexander Bernaldo, SIOR, represented the seller, 6450 Building, LLC and Alex Shather of Politan Real Estate LLC represented the buyer, Rene Hernandez, in the transaction.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
