70,000-sf Fort Lauderdale Industrial Building Sells for $4.5M
26 May, 2011, Fort Lauderdale
Cushman & Wakefield today announced the sale of 5360 NW 35th Ave., a 70,000-square-foot industrial building located in Fort Lauderdale Commerce Center. Good Roads, a Florida-based wheels and tires manufacturer, acquired the property from Nat and Sam Butters. The sale price was $4.5 million.
Cushman & Wakefield's Chris Metzger, Rick Etner, Sky Groden, Christopher Thomson and Justin Cope represented the sellers in marketing the property and in negotiations with Good Roads.
"We've seen a significant increase in industrial sales activity in Broward County, and with the market picking up, this property received a great deal of interest from investors and users alike," said Mr. Metzger, an executive director at Cushman & Wakefield.
Two tenants currently occupy 20,000 square feet in the building. Good Roads will move into the remaining 50,000 square feet, expanding from its existing owned facility at 3600 Northwest 54th Street, also located in Fort Lauderdale Commerce Center.
Located just off Commercial Boulevard on NW 35th Avenue between West Prospect Road and NW 53rd Street, 5360 NW 35th Ave. features 5,000 square feet of office space, 24-foot clear ceiling heights, eight dock-high doors and is 100 percent air conditioned. The property is strategically located between I-95 and the Florida Turnpike.
Cushman & Wakefield's five-person South Florida Industrial Team offers more than 65 years of combined real estate experience, with a commitment to serving it clients' needs and offering expertise for any industrial real estate market needs for buildings or land. The Team specializes in Tenant/Purchaser Representation, Landlord/Seller Representation, Land Brokerage, Build-to-Suit Construction and Full Service Corporate Real Estate Advisory, serving Broward through Indian River Counties.