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Distributor Buys Doral Warehouse For $22 Million

Carisam-Samuel Meisel, a retailer of duty-free goods, bought out the landlord of its Doral warehouse for $22 million.

The price equated to $158 per square foot.

Free Trade Zoning Holdings LLC, managed by Harold M. Rifas in South Miami, sold the 139,380-square-foot industrial building at 10900 N.W. 27th St. to the Baltimore-based company. Bank of America provided a $10.6 million mortgage to the buyer.

The building last traded for $7.7 million in 2001. It was built on the 6.5-acre site between 1994 and 1995.

Carisam-Samuel Meisel was already a tenant there. The company imports and distributes beverages, spirits, beer, tobacco, fragrances and gifts to cruises, cargo ships, resorts and diplomatic corps.

 

Source:  SFBJ

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