Berkadia Secures $43.5M Loan To Refinance Dacra’s Miami Design District Property
Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing.
non-advertiser
Managing Director Scott Wadler, Senior Director Matthew Nihan and Senior Analyst Michael Basinski of Berkadia Miami secured the financing.
The property includes five acres of vacant land and an existing 13,000 square foot building built.
Marcus & Millichap’s First Vice President Investments Ryan Shaw, along with Quinn Sousa, had the exclusive listing to bring the generational assets to market for the first time.
The lease allows Tricera to seamlessly backfill space to be vacated by Comerica Bank, which is moving out of 1675 Midtown when its lease expires in June 2023.
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.
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.
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.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
