Adler Development Acquisitions LLC Buys Commercial Property In Fort Lauderdale For $5.6M

The Cypress Creek Business Park in Fort Lauderdale, consisting of two office and flex buildings spanning 55,825 square feet, was recently sold for $5.6 million. The property, located at 6555 Powerline Road, underwent recent capital upgrades including new roofs, renovated suites, and exterior LED lighting. Its proximity to Interstate 95 and the Florida Turnpike makes it a strategically located asset within the Fort Lauderdale market.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $5,600,000.00
• Address: 6555 Powerline Rd, Fort Lauderdale, FL
• Market: Fort Lauderdale
• Seller's Rep: Michael Oretsky (CBRE)
• Buyer: Adler Development Acquisitions LLC
• SF: 55,825

Tom O’Loughlin, Larry Genet, and Michael Oretsky of CBRE facilitated the deal, representing the seller, EastGroup Properties, based in Mississippi. The Cypress Creek Business Park's acquisition by Adler Development Acquisitions LLC underscores a strategic investment in Fort Lauderdale's commercial real estate market, benefitting from the recent property improvements and its prime location.