Lithia Motors Acquires Development Site In Doral For $28.5M

A development site located at 9300 NW 13th Street in Doral has been sold in a closed transaction. The property spans across 8.3 acres and was sold for a total price of $28,500,000, resulting in a price per acre of approximately $3,434,000. The transaction took place on November 2, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $28,500,000
• Acres: 8.3
• Price per Acre: $3,434,000
• Address: 9300 NW 13th Street, Doral
• Buyer: Lithia Motors
• Seller: Foundry Commercial

The buyer of the development site was Lithia Motors, while the seller was Foundry Commercial. The transaction was facilitated by Jose Lobon, Trey Barry, Frank Fallon, and Royce Rose from CBRE.