The one-story showroom/warehouse structures at 1100 West Commercial Boulevard in Fort Lauderdale were acquired from William Mencarelli for $4 million or $71.17 psf. The site has direct access to Interstate 95, Powerline Road and the Florida Turnpike.
Area office rents average $23.65 psf versus $7.09 for industrial space. Zenith principals plan a third structure on the site, a two-story, 12,500 sf building that could be suitable for a branch bank as an anchor.
Coldwell Banker Commercial Brenner Real Estate Group represented the buyer. The seller's broker was NAI Rausch Weaver Norfleet Kurtz & Co. Three-year-old Zenith is headed by Scott Brenner who also heads Coldwell Banker Commercial Brenner Real Estate Group.
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