The Real Deal Miami

Dania Beach office park sold for $29M

Buyer also purchased nearly 25 acres of commercial land nearby
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.