An industrial property located at 3500 Northwest 114th Avenue in Doral has been sold for $16,750,000. The asset spans 54,139 square feet, resulting in a price per square foot of $309. This transaction demonstrates the ongoing demand for industrial properties in the area, especially in light of the rising industrial values observed since its previous sale in 2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,750,000
• Square Footage: 54,139
• Price per Square Foot: $309
• Buyer: Ward Fitzgerald - Exeter Property Group
• Seller: Franz Colloredo-Mansfeld - Cabot Properties
• Market: Doral

Ward Fitzgerald of Exeter Property Group represented the buyer in the transaction, while Franz Colloredo-Mansfeld of Cabot Properties represented the seller. The deal reflects notable growth in the industrial sector, as Cabot Properties originally purchased the warehouse for $7.93 million.