Trio Of Miami Industrial Buildings Trades
Blanca CRE Executive Vice President Cary Cohen represented the seller in the transaction.
Blanca CRE Executive Vice President Cary Cohen represented the seller in the transaction.
This 11,423 square foot building has unparalleled exposure from I-95 as well as convenient access from I-95, and is zoned “D-1”, allowing the future owner to capitalize on benefits designated under the Neighborhood Revitalization district which permits development of up to a ten-story building.
The sale price equates to $1,066,667 per existing unit.
The 71,307 square foot property features prominent frontage on South Federal Highway in the heart of Fort Lauderdale.
The venture led by Parmenter will invest significant capital to enhance and reposition the property, establishing it as a new innovation hub in Doral.
The site’s unique zoning allows for the potential development of up to 75 residential units per acre and up to seven stories. CLICK ON THE HEADLINE FOR MORE
Cushman & Wakefield Inc. brokers Audley Bosch and Brian Smith, along with Bob Communale of Industrial Group Realty Inc., represented the landlord. CLICK ON THE HEADLINE FOR MORE
Cary Cohen, vice president at Flagler Real Estate Services, handled the transaction for GE. CLICK ON THE HEADLINE FOR MORE
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