Midtown buys Doral industrial portfolio for $86M as local businesses drive demand for smaller spaces
Midtown Capital Partners scooped up a 14-property industrial portfolio in Doral for $86 million, a near-record price for Miami-Dade County. The portfolio spans 300,000 square feet along Northwest 54th Street, Northwest 56th Street, Northwest 79th Avenue and Northwest 82nd Avenue, according to a press release. The deal penciled out to $296 per square foot. The Miami-based real estate investment firm was represented by Michael Fay and David Spillers of Avison Young, Avison Young’s Florida Capital Markets Team, Tommy Gil and David Olade of Industrial Advisors and Michael Waite of Miami Warehouse Real Estate. There were 13 separate sellers, all of […]This article originally appeared on The Real Deal. Click here to read the full story.
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