FORT LAUDERDALE, FL—The sale of a former Fort Lauderdale headquarters for GoodRoads, a 68,500-square-foot, class A, freestanding manufacturing and distribution facility, is signaling an industrial market trend. KTR Capital Partners (KTR) grabbed the industrial property for an undisclosed amount.

“This sale represents a growing trend of institutions buying vacant user properties,” says CBRE's Larry Genet, who represented KTR in the transaction, along with Harry Tangalakis and Tom O'Loughlin of the firm's Broward industrial brokerage team. “KTR acquired a very functional free-standing building that once renovated, will be very well positioned in the market.”

Located at 3600 Northwest 54th Street in Fort Lauderdale, Prospect Park IV features 16,171 square feet of corporate offices and a showroom, 26-foot ceilings, two dock-high doors with pit levelers, four oversized grade-level doors, two van-high doors, 3200 AMPS @ 208 volts 3 phase, a 110-foot secured, and fenced truck court and fire sprinklers.

KTR plans major renovations to the facility. The firm hired CBRE to rebrand and market the industrial facility for lease.

The industrial building is 1.6 miles east of the Commercial Boulevard/Florida Turnpike interchange and 3.7 miles west of the Commercial Boulevard/Interstate 95 interchange. That means tenants have quick access to Downtown Fort Lauderdale, Port  Everglades, Fort Lauderdale-Hollywood International Airport, and Fort Lauderdale Executive Airport.