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1331 Northwest 82nd Avenue

Kenneth E. Aboussie, Jr. Of Stonelake Capital Partners Acquires Doral Industrial Property For $18.78M
SOLDIndustrial

Kenneth E. Aboussie, Jr. Of Stonelake Capital Partners Acquires Doral Industrial Property For $18.78M

1331 Northwest 82nd Avenue

$18,780,000

$322/SF

Building Size

58,270 SF

Asset Type

Industrial

Closing

Jul 9, 2025

AI

The industrial property located at 1331 Northwest 82nd Avenue in Doral features a total area of 3.72 acres and comprises a warehouse built in 1990. The asset encompasses a total of 58,270 square feet and was sold for $18,780,000, translating to a price per square foot of $322.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $18,780,000
  • Buyer: Kenneth E. Aboussie, Jr. - Stonelake Capital Partners
  • Seller: Andrew Korzen - Wilsonart
  • Sale Date: 07/09/2025
  • Last Sold Price: $1,260,000 (in 1989)

Wilsonart sold the Doral warehouse to SL7 Industrial Acquisition, an affiliate of Stonelake Capital Partners, marking a significant transaction in the industrial market. The deal was facilitated by the involvement of both Kenneth E. Aboussie, Jr. and Andrew Korzen, who represented their respective organizations during this transaction.

Players

Kenneth E. Aboussie, Jr.

Stonelake Capital Partners

Buyer

$63.1M

vol

10 deals

Buyer

Doral Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.84%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93