Duke Buys Miami Industrial Building For $30M

Duke Realty has acquired the Dade Paper building in unincorporated Miami-Dade County for $30 million.
The Indianapolis-based company purchased the 223,000-square-foot industrial facility at 9601 Northwest 112th Avenue, according to Miami-Dade County records. The county recorded the transaction Monday. No financing was recorded.
Genet Family West-Dade Property Holdings II is the seller. The Miami company paid $3.2 million for the 11.02-acre property in December 2001. The facility was completed two years later.
The property was most recently assessed at $14.7 million by the Miami-Dade property appraiser.
 
Source:  The Real Deal