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.
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