Miller Construction Underway With 19,122 SF Gateway Commerce Park Building 4 for EastGroup Properties

Andres Perez-Cervera, PA with RESF, INC., represented the buyer, xx, in the purchase of a 3.2-acre lot located at 2490 SW 32nd Street in Dania Beach.
Zoned IROM-AA, the 140,615-square-foot lot was purchased for $4 million.
 
“With two other bidders fighting for this property, negotiation was difficult, but ultimately succeeded in getting favorable terms for my client who was happy to lock-in one of the last multi-acre parcels to permit heavy industrial which is becoming impossible to find,” commented Perez-Cervera.
The deal closed November 15.
The parcel currently serves as parking for trucks grossing $540,000 annually so a great land bank deal with income in place.
 
 
 

Share and Enjoy:
  • email
  • Facebook
  • LinkedIn
  • Twitter
 

-------------------------

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

And we promise…no more than one email each morning.

 

CLICK HERE TO SUBSCRIBE TODAY!

 
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.