Archives

Advertisement
The Newspaper for the Future of Miami
Connect with us:
  • Facebook
  • Twitter
  • Google Plus
  • Linkedin
Front Page » Top Stories » Company Plans Autoauction Facility At Turnpike Extension

Company Plans Autoauction Facility At Turnpike Extension

Advertisement

Written by on July 22, 2004

By Sherri C. Ranta
Wholesale car auctioneer Manheim Auctions plans to build a facility on 196 acres at the Florida’s Turnpike Extension and Northwest Forty-Seventh Avenue.

Manheim subsidiary Orlando South Florida Auto Auction paid $9 million to Adesa Auto Auction in early July for the site, "one of the largest remaining undeveloped parcels in northern Miami-Dade County," said Harry E. Wardell, a Lincoln Property broker who represented the seller.

Large tracts of vacant land in South Florida are rapidly disappearing as residential, commercial and industrial users scramble for the limited amount still available.

Manheim plans to build its facility on 115 acres and reserve the remaining acres for expansion or future development, said Jeff Lenar, Manheim’s vice president for real estate and construction. The company, he said, plans to keep its auction facilities in Fort Lauderdale and West Palm Beach.

The property, Mr. Wardell said, contains a former landfill and industrial- and residential- zoned land. "The highest and best use of the land is an auto auction. It would be very costly to prepare the land. They would have to put in pilings to build buildings," he said. "This area is very good for it, right off the turnpike," he said.

Lincoln broker Steve Medwin said the site includes 96 acres formerly owned by Thackeray Corp. and 100 acres formerly owned by the City of Surfside and used as a landfill. Adesa paid $7.2 million for both sites in 1996, he said.

About 3,000 square feet of the site fronts the turnpike extension and 1,800 square feet fronts Forty-Seventh Avenue. The site is a few miles west of Pro Player Stadium and the Golden Glades Interchange, Mr. Medwin said.

Wal-Mart has contracts for land near the stadium and the interchange and plans to construct Super Center stores.

Broker Iris Riley of Trans State Commercial Realty said Manheim was particularly interested in the property because Adesa had received approval for an auto-auction facility there.

  • OIOpublisher Ad Manager
Advertisement