Knighthead Funding Provides $62.92 Million for Doral Industrial Portfolio Acquisition

Midtown Capital Partners has finalized the acquisition of a 13-property urban-infill, small-bay industrial portfolio in Doral, Florida, for $86 million. Knighthead Funding provided $62.92 million in acquisition financing for the 290,000-square-foot portfolio, which spans 13.33 acres. The properties were purchased from Wes Realty in August.

This transaction is noted as one of Miami-Dade County’s largest industrial sales, achieving a near-record price for the region. The assets, located west of Miami and within a mile of Miami International Airport, benefit from robust demand and low vacancy rates, currently below 3 percent, in South Florida's small-bay industrial sector. Arrow Real Estate Advisors arranged the debt for the deal. This acquisition underscores the strong institutional interest and favorable market conditions for urban-infill industrial properties in the area.