ComReal sold a warehouse in Doral for $17.5 million to Aventura-dependent true estate investor Sebastian Guejman.
An entity managed by Guejman acquired Lakes Edge Innovation Center, an 80,158-square-foot industrial facility at 9000 Northwest 15th Street, data and Vizzda demonstrate.
The deal breaks down to $218 a sq. foot. Guejman’s entity took out a n $11 million home finance loan with Banesco United states.
David Wigoda with CBRE represented the seller, an affiliate of Coral Gables-based mostly ComReal, which purchased the residence in 2001, information display. The past sale selling price was not detailed in public deeds.
The 12-device professional making was completed in 1979, data display. For the duration of its possession of the 4.7-acre web site, ComReal transformed the former distribution heart into a multi-tenant property with office environment and industrial works by using, according to a push launch. At the time of sale, Lakes Edge was thoroughly leased to eight tenants that deliver healthcare items, prescribed drugs, life sciences, laboratory companies, and logistics, the launch states.
South Florida’s industrial sector finished previous calendar year on a roll. Last month, the professional real estate division of the Church of Jesus Christ of Latter-day Saints snagged Beacon Logistics Park, a 1.3 million-sq.-foot campus in Hialeah, for $174.3 million. The offer was the premier industrial trade in Miami-Dade County and the second premier industrial buy for all of South Florida in 2023.
The premier South Florida industrial offer belongs to Boston-primarily based Longpoint Associates, which final month paid out $262 million for a 25-industrial constructing portfolio in Miami-Dade and Broward County. Longpoint’s obtain also took spot previous month.
Also in December, Spanish billionaire Amancio Ortega’s Pontegadea compensated $113 million for Bridge Point Chilly Logistics Center, a 312,000 freezer facility in Hialeah. Pontegadea acquired the chilly storage warehouse from Chicago-dependent Bridge Industrial and Newark, New Jersey-primarily based PGIM Actual Estate. The joint undertaking accomplished the facility on the 20-acre web page in 2020.
