FORT LAUDERDALE, Fla. (July 22, 2015) – Brokers Joseph Byrnes and Greg Milopoulos of Berger Commercial Realty recently represented landlord Stream Asset Holdings, LLC in selling a redevelopment opportunity in Deerfield Beach. The property sold for $2.55 million to Stor-All 2nd Ave., LLC. Stor-All 2nd Ave. LLC plans to redevelop the site to accommodate a self-storage facility and other mixed-use properties.
Formerly known as Deerfield Builders Supply, the property was a family-owned and operated lumberyard and rebar plant for 66 years.
“We feel this asset was a great acquisition for Stor-All in a market with virtually no REO opportunities remaining” said Milopoulos. “Both parties were great to work with through this process and we look forward to seeing the project get started.”
Located at 77 S.E. 2nd Ave. on the southeast corner of Hillsboro Blvd. and Dixie Highway, the five-acre property features secured gating with multiple access points, direct rail access via a private 11-car rail spur, close proximity to major roads and highways, and several onsite warehouses totaling 45,000 square-feet of industrial space.