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

The spice company paid $175 psf for the warehouse

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

Venezuelan leader Nicolás Maduro and the city of Caracas (Credit: Wikipedia, iStock)

Venezuelan government looks to seize homes of Venezuelans living abroad: report

South Florida Logistics Center

JPMorgan buys Amazon-leased warehouse next to Miami International Airport

14900 Northwest 22nd Court with Jonathan De La Rosa and Ben Silver

Opa-Locka warehouse near Amazon distribution center sells amid rising demand

Donald Trump, and Trump National Doral Miami golf resort (Credit: Getty Images and iStock)

Trump disputes report that Doral golf resort has bedbugs

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M