Cornerstone Team Closes Sale Of New Doral Warehouse

Oct 27, 2014 No Comments by

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.”

 

 ————————-

Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning. Just follow the instructions below.

Enter your email address:

 

Go Ahead...Share!
  • email
  • Facebook
  • LinkedIn
  • Twitter
  • Add to favorites
  • Print
Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
No Responses to “Cornerstone Team Closes Sale Of New Doral Warehouse”

Leave a Reply