Cornerstone Team Closes Sale Of New Doral Warehouse

Doral-based Cornerstone International Realty Principals Hector Catano and Frank Trelles closed a sale of a new freestanding warehouse next to Dolphin M all.
The 32,000 square foot warehouse, located at 2132 NW 114th Avenue in Miam, sold for $4,056,096 or $127 per square foot.
The seller was PFR Investments LLC. The buyer was EdgeConneX Holdings.
Cornerstone identified a great opportunity to develop a freestanding warehouse in a great location. Cornerstone managed the entire project including acquiring the land, design, construction and disposition. The building closed before receiving the certificate of completion.
 

“In this market building a good warehouse in the right location makes it easy to get a buyer.” commented Catano.

 

Trelles added, “This is a great example on how the limited inventory is pushing buyers to act quickly when a good opportunity presents itself.”

 

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