Rok Pays Nearly $9 Million For Industrial Property In North Dade

Oct 16, 2017 No Comments by

Warehomes Precision LLC, an entity managed by Marcos and Jason Morjain, purchased a 142,565 -square-foot industrial building located at 15801 NW 49th Avenue in Palmetto Lakes from Precision Trading Corp.

The purchase price was $8,775,000. The deal closed October 2.

The Buyer is affiliated with Rok Acquisitions, one of the largest property owners in the Miami Central Business District, according to a release.

Marcos Morjain, and his son, Jason, have purchased more than 15 industrial properties in the last few years. This purchase marked their second acquisition in the Palmetto Lakes submarket.

 

“This property is a wonderful addition to our expanding portfolio of second generation industrial and logistics properties across Southeast Florida,” commented Jason Morjain. “We will continue to pursue buildings with great attributes like this, which afford us the opportunity to reconfigure and upgrade existing conditions to high standards for credit tenant acquisition.”

Ted Konigsberg of Infinity Commercial Real Estate represented the buyer in the transaction. The Seller was represented by Lee Katsikos of The Katsikos Group.

 

“This is not just another run-of-the-mill dock-high warehouse purchase, as buildings like this are few and far between in South Florida, “explained Konigsberg. “The one-time home of Warner Brother’s printing has massive electric service, large air-conditioned assembly/high-tech manufacturing space and an easily divisible configuration. Rare IU-2 zoning means it could be home to a number of manufacturing and technology uses, not just basic logistics and warehousing. I am looking forward to helping my clients successfully lease up the building in the immediate future.”

 

 

————————-

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.

CLICK HERE TO SUBSCRIBE TODAY!

 

Go Ahead...Share!
  • email
  • Facebook
  • LinkedIn
  • Twitter
  • Add to favorites
  • Print
Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
No Responses to “Rok Pays Nearly $9 Million For Industrial Property In North Dade”

Leave a Reply