Labrador Construction acquired a warehouse in Doral for $15 million. The price equated to $243 per square foot. It last traded for $9 million in 2015. The increase in value demonstrates the strong demand for industrial space in Miami-Dade County.
Bought by Longpoint Realty Partners, the 39,050-square-foot building, including an adjacent 14,400-square-foot lot, sold for about $150 per square foot. CLICK ON THE HEADLINE FOR MORE
The expansion of e-commerce and population growth is helping boost demand for properties such as the 52,230-square-foot warehouse that sold for about $123 per square foot. CLICK ON THE HEADLINE FOR MORE
