NAI Miami Commercial Real Estate Services, Worldwide announced today it is marketing one of the last known undeveloped large land parcels in Broward County as exclusive agents for the owners. Stephen Nostrand and Robert Eckstein of NAI Miami will spearhead the sales team.
"The 42+ acre Cocomar Land parcel has several unique features” stated Stephen Nostrand, CEO/COO of NAI Miami. “It is a large, contiguous size that can accommodate many uses in the retail, entertainment, sports and education commercial real estate sectors. Furthermore, the location of the property is very advantageous. It has easy access to West Atlantic Boulevard, Lyons Road and the Florida Turnpike. This will draw prominent commercial customers from both Broward and Palm Beach Counties.”
“We are truly excited to be part of this integral project benefiting the Broward County community”, said Robert Eckstein, Director at NAI Miami. “With our deep local knowledge of South Florida's commercial community, we are confident we will find the right buyers for this property.”
The property is currently undeveloped with prior and current approvals for 319,249 total square feet. The daily traffic counts include over 51,000 cars per day on Atlantic Boulevard (2,400 feet of frontage) and 24,000 cars per day on Lyons Road (1,300 feet of frontage). The asking price is $32 million or $761,904 per acre.
About NAI Miami
NAI Miami is a commercial real estate organization with the passion, dedication and expertise to realize maximum potential and generate creative solutions for our clients worldwide. Our collaborative services platform provides an expansive, yet nimble responsive structure enabling us to efficiently deliver superior result. To learn more, visit www.naimiami.com.
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full-range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. NAI Global member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. To learn more, visit www.naiglobal.com.
