The South Florida Industrial Team of Wayne Ramoski, Gian Rodriguez and Skylar Stein Negotiated the Sale of the ±106,769-Square-Foot Building
MIAMI, FL, September 13, 2019 — The Cushman & Wakefield South Florida Industrial Team of Wayne Ramoski, Gian Rodriguez and Skylar Stein represented San Francisco-based Terreno Realty Corporation in the sale of a ±106,769-square-foot warehouse at 10100 NW 25th Street in Doral.
AmCar Holding, Inc. acquired the asset for $14 million ($131 per square foot). Mark Aleman of Aleman Realty, LLC represented the buyer.
Constructed in 1974, the stand-alone, cross-dock property sits on a five-acre parcel in the heart of Doral with excellent visibility and frontage on NW 25th Street. The building features 22-foot clear heights, ±14,000 square feet of office space, 29 loading positions and secure exterior storage.
Ramoski and Rodriguez previously negotiated Terreno’s $9.875 million acquisition of the asset in 2015 when the property served as CGI Windows and Doors’ manufacturing and distribution facility. Terreno began the redevelopment of the site for re-lease after CGI vacated, but market conditions soon presented a favorable disposition opportunity.
“Terreno originally intended to redevelop the facility and lease it to a quality tenant,” said Rodriguez, Managing Principal of Cushman & Wakefield’s Miami and Ft. Lauderdale offices. “However, the market’s limited industrial sale supply provided Terreno with an opportunity to capitalize on their investment and make a healthy return today.”
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Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
10100 NW 25th Street Photo
Wayne Ramoski Headshot
Gian Rodriguez Headshot
Skylar Stein Headshot