Urso Family Realty sells Fort Lauderdale warehouse for $11M
Buyer has ties to California-based West Coast Shipping
An entity tied to a West Coast shipping company bought a Fort Lauderdale warehouse for $10.6 million.
Records show the buyer, led by Andrew Naumov, an executive of Richmond, California-based West Coast Shipping, bought the property at 6001 North Powerline Road from Urso Family Realty.
The buying entity, 6001 Powerline LLC, secured a $5 million mortgage as well as an $8.6 million mortgage on the property from First-Citizens Bank and Trust Company, records show.
The 311,890-square-foot warehouse was built in 1970 on 3.6 acres, according to property records.
Urso Family Realty, led by Charles Urso, bought the building in 2014 for $6.5 million, a deed shows.
Urso is the former owner of stone and slab supplier Marble of the World, which previously occupied the building. Marble of the World now has locations in Pompano Beach, Miami and the Stuart area, according to its website.
South Florida industrial real estate has thrived over the past year amid e-commerce growth. Among recent deals, self-storage company CubeSmart bought a Weston facility for $12 million, and Hollywood-based Koda Interstate bought an industrial park in an Opportunity Zone in Riviera Beach for $12.8 million.
In one of the biggest deals, San Francisco-based Terreno Realty bought two recently completed buildings at Countyline Corporate Park in Hialeah for $50 million.