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

The spice company paid $175 psf for the warehouse

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
Nuveen Real Estate's Mike Sales with the Waterford Business District
Lease roundup: Nuveen, Allianz ink 6 new tenants at Waterford Biz District
Lease roundup: Nuveen, Allianz ink 6 new tenants at Waterford Biz District
Bridge Industrial CEO Steve Poulos and Bridge’s Kevin Carroll of Southeast Region of Bridge Industrial with a rendering of the the Bridge Point Doral industrial campus (Bridge)
Bridge’s big bet in Doral: Industrial developer plans 2.6M sf spec project
Bridge’s big bet in Doral: Industrial developer plans 2.6M sf spec project
Lithia CEO Brian DeBoer with the Largo Honda at 554 Northeast First Avenue in Florida City and the Esserman dealership at 10455 Northwest 12th Street in Doral (Southern Oregon University, Google Maps, Largo Honda)
Off the lot: Miami-Dade auto dealership properties trade for $96M
Off the lot: Miami-Dade auto dealership properties trade for $96M
1600 Northeast 12th Terrace
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Triangle Services pays $17.5M for Fort Lauderdale industrial building
A rendering of One Flagler in downtown West Palm Beach and River Landing Shops & Residences in Miami with Related Companies Stephen Ross and Andy Hellinger and Coralee Penabad of Urban-X Group, developer of River Landing. (Related Companies, RL Miami)
Lease roundup: Stephen Ross’ downtown West Palm project scores financial firm tenants
Lease roundup: Stephen Ross’ downtown West Palm project scores financial firm tenants
Link Logistics' Luke Petherbridge with 115.7-acre site at 21001 Northwest 27th Avenue (LinkedIn, Google Maps)
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
EverWest Real Estate Investors' Rick Stone and Tyler Williams; rendering of the newly built industrial property at 10900 Northwest 146th Street in Hialeah Gardens (Commercial Property Group, EverWest Real Estate Investors, iStock)
EverWest buys Hialeah Gardens industrial building for $43M
EverWest buys Hialeah Gardens industrial building for $43M
First Industrial Realty's Peter E. Baccile with 1801 North Andrews Avenue (First Industrial Realty Trust, Colliers, iStock)
First Industrial picks up Pompano Beach manufacturing facility for $25M
First Industrial picks up Pompano Beach manufacturing facility for $25M
arrow_forward_ios

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

Loading...