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.
Roberto Susi, Principal of Axiom Capital Partners, represented the buyers in the off-market deal.
At 17,000 square feet, the building is relatively small, showing that the unquenchable investor appetite for industrial space has led to a scarcity of big properties for sale, and investor willingness to turn to smaller buildings.
The store totals 58,400 square feet and is situated on 7.8 acres.
Roberto Susi of Axiom Capital represented the buyer, a partnership between Gadinsky Real Estate, Echion USA and 13th Floor Investments. CLICK ON THE HEADLINE FOR MORE
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