Miami Beach-Based Real Estate Investor Pays $188 PSF For Doral Industrial Buildings

Laurent Groll bought a pair of adjacent industrial buildings in Doral for $18.1 million.

An entity managed by the Miami Beach-based real estate investor acquired two warehouses spanning nearly 93,000 square feet at 8280 Northwest 64th Street and 6350 Northwest 82nd Avenue, records show. Groll’s affiliate obtained a $10.8 million loan from Bank of America.

The deal breaks down to about $188 per square foot for the buildings.

The sellers, two entities managed by William and Charlotte Lyons in Englewood, Fla., bought the two properties in 1996, records show. The previous sale price is not listed in the deed. The buildings were completed in 1983 and 1989.

 

Source:  The Real Deal