Brokerage firm Marcus & Millichap recently negotiated the sale of a 93,740-square-foot industrial warehouse in Doral, Fla., for a price of more than $12.7 million.

The unidentified buyer has “an excellent condo conversion opportunity,” according to Greg Zeifman, an investment specialist in Marcus & Millichap’s Miami office, as 10 of the 14 current leases are expiring in 2007.

Located at 3500-3600 NW 115th Ave., the fully leased property sits on a 160,730-square-foot lot and consists of 14 dock-height warehouse bays ranging in size from 6,370 square feet to 8,300 square feet.

Approximately 20 percent to 30 percent of the property consists of high-end, two-story office build-outs, according to a press statement.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription