Badia Spices peppers its portfolio with the $9.5M purchase of a Doral warehouse

The spice company paid $175 psf for the warehouse

TRD MIAMI /
Aug.August 15, 2018 03:30 PM

Photo of the warehouse at 2101 Northwest 82 Avenue Pepe Badia

Badia Spices is peppering its portfolio with the purchase of a Doral warehouse for $9.5 million.

The global spice company headquartered in Doral purchased the 54,361-square-foot warehouse at 2101 Northwest 82nd Avenue from Lagunita Holdings, records show. The price equates to $175 per square foot for the warehouse, which sits on a 119,535-square-foot lot.

Lagunita Holdings, led by Holy Rincon, vice president of the logistics company Clover Group, purchased the property in 1988 for $780,918. The warehouse was built in 1989, according to property records.

Badia also owns five other warehouse properties in Doral, including one at 1400 Northwest 93rd Avenue and one at 1571 Northwest 93rd Avenue, according to property records.

Badia Spices was founded in 1967 by Jose Badia, a Cuban exile. His son Pepe Badia is now the majority owner and president. Today, the company manufactures and distributes spices, seasoning blends, marinades, sauces, teas, health items and other products to more than 70 countries, according to its website.

In March 2017, Pepe Badia paid $12.4 million for a ritzy, six-bedroom, 14,097-square-foot waterfront Coconut Grove estate at 3575 Stewart Avenue.


Related Articles

arrow_forward_ios
Banyan Street Capital CEO Rudy Prio Touzet and the two towers (Credit: Google Maps)

Banyan Capital buys Doral office towers for $43M

Banyan Capital buys Doral office towers for $43M
Rendering of an interior living room and kitchen in a home at the Neovita gated community in Doral

Alta launches sales of second phase of Doral development

Alta launches sales of second phase of Doral development
Ron Bergeron with 3310 Northwest 24th Street (Credit: Facebook and Google Maps)

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis

“Alligator Ron” Bergeron sells properties near Miami airport to Prologis
Cusano’s Italian Bakery at 6806-6814 North State Road 7 (Credit: Google Maps)

Cusano’s Italian Bakery buys out landlord for $14M

Cusano’s Italian Bakery buys out landlord for $14M
South Florida’s industrial market could benefit from the coronavirus pandemic

A safe bet: South Florida’s industrial market could boom after pandemic

A safe bet: South Florida’s industrial market could boom after pandemic
President Trump, Trump National Doral Miami and Delano South Beach (Credit: SAUL LOEB/AFP via Getty Images and Trump International)

Trump’s Doral golf resort, Delano hotel lay off over 800 employees

Trump’s Doral golf resort, Delano hotel lay off over 800 employees
18770 Northeast Sixth Avenue

Miami warehouse leased to Southeast Frozen Foods sells for $31M

Miami warehouse leased to Southeast Frozen Foods sells for $31M
From left: Eden Roc and BLT Prime Trump National Doral (Credit: Acroterion/Wikipedia, and Trump International Hotels Management LLC)

Trump National Doral restaurant, Eden Roc hotel lay off hundreds

Trump National Doral restaurant, Eden Roc hotel lay off hundreds
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...