The Real Deal Miami

Dania Beach office park sold for $29M

Buyer also purchased nearly 25 acres of commercial land nearby

December 18, 2014 12:00PM
By Katherine Kallergis

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5100 Northwest First Street, Dania Beach

5100 Northwest First Street, Dania Beach

Realty Income Corp. sold 41.7 acres in Dania Beach for $29 million on Dec. 11 to a company tied to New York-based Kimco Realty Corp., according to county records.

The South Florida Business Journal reported that the site was part of a larger amusement park, but the roller coaster has been long shut down.

The deal includes 1500, 1700, 1800, 1801 Northwest First Street and a rock pit along Northwest Second Street. Dania Live developers plan to build an open-air shopping center with big box stores, restaurants, a hotel and apartments, the newspaper reported.

The buyer, Dania Live 1748 LLC, entered into a commercial lease for the property to Boomers! through September 2033, records show. Dania Live also bought nearly 25 acres of commercial land in Dania Beach for $14 million in October of this year for the project.

Another industrial park in Dania Beach was purchased for $27 million back in November.

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