Dream Motor Acquires Four Miami-Dade Properties For 0M
Dream Motor Group made a turbo-charged joyride into South Florida's commercial real estate market with a combined $150 million acquisition of four ...
Dream Motor Group made a turbo-charged joyride into South Florida's commercial real estate market with a combined $150 million acquisition of four properties in Miami-Dade County. Affiliates of Birmingham, Alabama-based Dream Motor bought the former police headquarters building in Coral Gables for $45 million, an auto body repair shop in Cutler Bay for $5 million and two Mercedes-Benz dealerships in both cities for $100 million, according to records and Vizzda. The buyer obtained a combined $200 million in financing from Mercedes-Benz Financial Services and the seller of all four properties, Coral Gables-based Ussery Automotive Group.