The site includes two existing industrial buildings totaling 14,605 square feet, leaving plenty of room for future office or industrial development. Its proximity to I-595, Fort Lauderdale International Airport and Port Everglades make the site highly desirable for commercial users.
Stigliano was the broker on the transaction and also worked as the Zoning and Land Use Consultant on the project.
Aztec Group’s Peter Mekras arranged the financing.
The all-cash deal of the property marks one of the largest sales in the Little River Business District.
Doral will be the company’s first South Florida location for any of its car wash brands.
The sale price equates to $1,066,667 per existing unit.
Tricera is scheduled to deliver possession to its tenants by Q4 2022.
Several substantial leases have been signed recently totaling more than 130,000 square feet.
Colliers Executive Director Robert Listokin brokered the lease on behalf of the tenant FirstService Residential.
Tenant delivery is anticipated to begin in the first-quarter 2024.