The Real Deal Miami

Dezer buys Fort Lauderdale industrial building

Pays $12.6M for large facility on Powerline Road
February 26, 2014 09:45AM

5300 Powerline Road and Michael Dezer

5300 Powerline Road and Michael Dezer

Developer Michael Dezer has made a rare industrial acquisition to go along with a vast South Florida real estate portfolio.

Dezer Powerline LLC purchased a nearly 310,000-square-foot industrial facility in Fort Lauderdale for $12.6 million, according to Broward County records. The county recorded the transaction Monday. The property is located at 5300 Powerline Road.

The Dezer company acquired the facility from 5300 North Powerline Road Holdings, which is managed by lender U.S. Bank. The bank had taken title to the property through foreclosure.

Tenants at the facility include Xtreme Indoor Karting. — Eric Kalis