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Miami investor completes Allapattah assemblage with $5M warehouse purchase

Roland DiGasbarro completed his assemblage in the produce district of Miami’s Allapattah, buying a warehouse for $5 million.

DiGasbarro bought the building at 1221 Northwest 22nd Street, rounding off his industrial properties between Northwest 13th and 12th avenues along 22nd Street, according to Carlos Fausto Miranda of Fausto Commercial, who brokered all of the deals.

Domingo Rodriguez was the seller in the most recent purchase.

DiGasbarro, who was an early investor in Miami’s Wynwood and Overtown, bought the buildings at 1265 and 1255 Northwest 22nd Street for $3 million in 2016. Last year, he bought the building at 1201 Northwest 22nd Street for $1.45 million, according to Miranda.

The buildings, which were built in the 1960s and 1980s, amount to 21,000 square feet on 1.6 acres, according to property records. The real estate previously traded for $4.2 million, with one building selling in 1982 and the others in 2007 and 2016.

The assemblage is in the heart of the produce district, a major distribution, repackaging, shipping and wholesale hub for produce.

DiGasbarro’s assemblage is fully leased to tenants in the industry, including to Domingo Produce and Montero Produce, according to Miranda. Domingo Produce is owned by Domingo Rodriguez, who sold DiGasbarro the property at 1265 Northwest 22nd Street and fully leases it.

Allapattah’s produce district is experiencing major redevelopment and gentrification, with Robert Wennett’s Miami Produce Center leading the way. The 1.4 million-square-foot mixed-use residential project will rise across 22nd Street from DiGasbarro’s holdings.

Wennett’s project’s design features buildings rising on columns above the existing warehouses used by produce distribution tenants. Wennett bought the property in 2016 for $16 million.

DiGasbarro also has investments in Sunrise, where he is co-developing a single-family home community on the closed Sunrise Golf & Country Club.

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