Emerald Farms Industrial Bldg Trades For $3.7M

GK Emerald LLC acquired the Emerald Farms industrial building at 9800 NW 17th St. in Doral, FL from Wells Fargo Bank as trustee for JP Morgan Chase for $ 3,675,000, or about $ 83 per square foot, in an REO sale.

The new owner will expand its business into the building, with occupancy expected for first quarter 2012 after making some capital improvements. The single-story, 44,100-square-foot industrial building was vacant at the time of sale. It…
South Florida Commercial Real Estate News From CoStar Group