8900 NW 35th Lane - Doral, FL

Date: January 2014
Address: 8900 NW 35 Lane
City: Doral
Sq. Ft: 286,690
Price: $38,450,000

Price Per Sq. Ft: $135
Year Built: 2000
Buyer: Clarion Partners
Seller: Principal Real Estate Investors

Transaction Details: Principal sold WestPointe Business Park, in Doral, FL., to Clarion Partners. This business park is comprised of three Class B+ warehouses. Upon sale of the properties, it was fully-leased. The major tenants are: Toll Global Forwarding Holdings, Freedom Fresh, OCC Cargo, Green Gallon and Jamaica Air.
 
Clarion bought WestPointe for $135 psf ($38,450,000). They beat out 18 other offers.
 
The warehouses were built in 2000, sit on 16.2 acres and have 24′ clear ceiling heights.