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Two Office Buildings Sell for Combined $9M

MIAMI-Doral Executive Office Park LLC bought the Doral I and Doral II buildings, which have a total of 101,420 net rentable sf, from Doral FlexxSpace Ltd. They are 90% occupied.

By Melissa Bogdany | Updated on October 31, 2003

MIAMI-Locally based Doral Executive Office Park LLC has purchased two multi-tenant office buildings, Doral I and Doral II here for a combined $8.9 million, or about $87.75 per net rentable sf. The seller was locally-based Doral FlexxSpace Ltd., whose principals Michael M. Adler and Joel Levy are big names in the metro area real estate market. The principals of the buying entity are Robert Berrin and Issac Fisher, who also own other properties in the local market.

Doral I and Doral II, separated by another building, are located at 3625 and 3785 N.W. 82nd Ave. As a whole, the two buildings are approximately 90% occupied.

The buildings are four stories and contain 101,420 net rentable sf combined. The 3625 building has 50,558 sf, and the 3785 building has 50,862 sf. The total gross building area in both buildings, including common areas, is 107,387 sf. The property contains 320 parking spaces, and additional parking is available in an adjacent lot.

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