There's more deals like this in the hopper! Read on....
Two flower warehouses in Doral were sold at a 10 percent discount to their foreclosed mortgages.
Seller: a commercial mortgage-backed securities (CMBS) fund that seized the property from Ram Cargo I in June after foreclosing on a $6.5 million mortgage. KG International paid $3.675 million for the 43,674-square-foot warehouse at 9800 N.W. 17th St. Sky Mart Investments paid $2 million for the 30,011-square-foot warehouse at 9475 N.W. 13th St.
KG International is managed by Karl Gunia, while Sky Mart Investments is managed by Juan G. Robbin.
The buildings were previously bought for a combined $8.3 million in 2006.
Seller: a commercial mortgage-backed securities (CMBS) fund that seized the property from Ram Cargo I in June after foreclosing on a $6.5 million mortgage. KG International paid $3.675 million for the 43,674-square-foot warehouse at 9800 N.W. 17th St. Sky Mart Investments paid $2 million for the 30,011-square-foot warehouse at 9475 N.W. 13th St.
KG International is managed by Karl Gunia, while Sky Mart Investments is managed by Juan G. Robbin.
The buildings were previously bought for a combined $8.3 million in 2006.
looking good Doral Warehouses!
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