Workman Real Estate picks up another Miami-Dade warehouse, paying $16M for Miami facility
Workman Real Estate Ventures bought its fourth Miami-Dade industrial property, buying a Miami facility for $16 million. But the deal was almost derailed by an aggressive foreclosure action by a lender seeking repayment of a $9.2 million mortgage debt, court records show. An affiliate of Miami-based Workman, also known as WREV, led by Tyler Workman, acquired the 72,477-square-foot industrial building at 3400 Northwest 67th Street, records and real estate database Vizzda show. The buyer also obtained a $9.2 million loan from BankUnited. The deal breaks down to $220 a square foot. In August, WREV dropped $22.7 million for a three-warehouse […]This article originally appeared on The Real Deal. Click here to read the full story.
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