Longpoint Pays $32 Million For Doral Warehouse Complex In Off-Market Deal
Longpoint’s purchase represents a value-add investment opportunity, as the firm looks to strengthen its foothold in Miami-Dade’s competitive industrial market.
Longpoint’s purchase represents a value-add investment opportunity, as the firm looks to strengthen its foothold in Miami-Dade’s competitive industrial market.
Lawrence Oxenberg, Vice President at Berger Commercial Realty, represented the buyer in the transaction. Berger has been retained by the new ownership to lease the property.
The new agreement secures 83,793 square feet of space, which includes an expansion of 14,560 square feet.
The 304,408-square-foot portfolio was 64 percent leased at the time of sale.
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.