Lithia Motors Acquires Development Site In Doral For $28.5M

An 8.3-acre development site located at 9300 NW 13th Street in Doral has been sold for $28,500,000. The property was purchased by Lithia Motors from the seller, Foundry Commercial. The transaction was facilitated by CBRE brokers Jose Lobon, Trey Barry, Frank Fallon, and Royce Rose.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $28,500,000
• Address: 9300 NW 13th Street
• Market: Doral

The sale of the 8.3-acre development site in Doral marks an important transaction in the real estate market. Lithia Motors, a prominent buyer in the automotive industry, acquired the property from Foundry Commercial. The deal was facilitated by CBRE brokers Jose Lobon, Trey Barry, Frank Fallon, and Royce Rose. This transaction highlights the demand for development sites in the Doral area, reflecting the growth and potential of the market.