CBRE Team Reps KTR Capital In 68,500 SF Building Purchase

CBRE arranged the purchase of the former Fort Lauderdale headquarters for GoodRoads, a 68,500-square-foot, Class A, free-standing manufacturing and distribution facility at 3600 NW 54th Street in Fort Lauderdale.
KTR Capital Partners acquired the property at a price that remains confidential. Larry Genet, Harry Tangalakis and Tom O’Loughlin of CBRE’s Broward industrial brokerage team represented KTR in the transaction.
KTR plans major renovations to the facility and has hired CBRE to rebrand and market the facility for lease.

“This sale represents a growing trend of institutions buying vacant user properties,” said CBRE’s Larry Genet.  “KTR acquired a very functional free-standing building that once renovated, will be very well positioned in the market.”

Prospect Park IV features 16,171 square feet of corporate offices and a showroom, 26-foot ceilings, two dock-high doors with pit levelers, four oversized grade-level doors, two van-high doors, 3200 AMPS @ 208 volts 3 phase, a 110-foot secured and fenced truck court and fire sprinklers.
The building is located 1.6 miles east of the Commercial Boulevard/Florida Turnpike interchange and approximately 3.7 miles west of the Commercial Boulevard/I-95 interchange, providing quick access to Downtown Fort Lauderdale, Port  Everglades, Fort Lauderdale-Hollywood International Airport and Fort Lauderdale Executive Airport.