MG2 Group Acquires Property In Doral For $11.6 Million With Representative Dominic Montazemi

The former Miami Herald Printing Facility, located at 3500 NW 89th Ct, Miami, FL, 33172, is a three-story warehouse that spans 118,993 square feet. The property features 15 dock-high positions, one grade-level ramp, and clear heights ranging from 10 feet to 46 feet. Built in 2013, it is situated in the Doral market and has been sold for $11,600,000.00.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $11,600,000.00
• Address: 3500 NW 89th Ct, Miami, FL, 33172
• Market: Doral
• Buyer's Name: MG2 Group
• Seller's Representatives: Miguel Alcivar, Wayne Ramoski, Gian Rodriguez, Dominic Montazemi, and Skylar Stein - Cushman & Wakefield

Cushman & Wakefield played a crucial role in the transaction, representing the undisclosed seller. The buyer, MG2 Group, is noted as a private real estate company that has acquired the property. According to previous reports, this facility had a significant print circulation in 2019.