Doral Industrial, a 93,046-square-foot industrial building in Miami, traded for $18.1 million.
“Built in 1983, Doral Industrial sits on just over 4.5 acres and consists of 26 suites,” said Michael Alaoui, senior associate in Marcus & Millichap’s Miami office. “This well-maintained asset benefits from the neighboring demographics, which include a five-mile radius population of 428,000. The building has strong visibility on highly trafficked 64th Street. Being only 13 miles from Downtown Miami, this asset and its retailers capitalize from the over 10 million visitors to Miami each year.”
The buyer, a limited liability company, was secured and represented by Alaoui.