Wilsonart Sells Doral Warehouse For $18.78 Million

Wilsonart, a kitchen and bath furnishings manufacturer based in Austin, Texas, has sold its Doral warehouse and showroom for $18.78 million.

The 58,270-square-foot property, located at 1331 N.W. 82nd Ave., was purchased by SL7 Industrial Acquisition, an affiliate of Dallas-based Stonelake Capital Partners, according to property data provider Vizzda.

The sale price breaks down to approximately $322 per square foot. The property last changed hands in 1989 for $1.26 million, reflecting a significant increase in value over the decades.

Built in 1990 on a 3.72-acre lot, the warehouse features eight dock doors and two grade-level doors. It is one of four Wilsonart locations in Florida. The company, founded in 1956, operates in 23 U.S. states and Canada.

Source: SFBJ