Miami-based Limestone Asset Management closed on two commercial properties in Miami-Dade County: LA Fitness at 10055 NW 41st, in Doral, Florida for $13.603 million and Burger King at 28644 SW 137th Ave. in Homestead, Florida for $1.936 million.
The LA Fitness, built in 2001, is a 37,500-square-foot building situated on 2.3 acres of land. Built in 2008, the Burger King is a 3,005-square-foot building located on 0.7 acres of land.
“We are pleased to continue expanding our assets in Miami-Dade County,” said Ibrahim Al-Rashid, chairman of Limestone Asset Management. “LA Fitness and Burger King are strong tenants in some of the fastest-growing areas of the county.”
Kevin Sanz, president of Orion Real Estate Group, led the buyer group. Alex Sharrin, senior managing director of JLL Capital Markets, represented the seller of the LA Fitness, Kireland 41st Street Doral LLC and the seller of Burger King, Kireland 137th Avenue Miami LLC. There was no financing for either transaction.
