Deering Companies modeled a development and operating proforma for AVE Aviation and Commerce Center upon the project’s inception. The center subsequently sold 1 million square feet of fully leased industrial space for $126 million in 2019.
Deering used ARGUS to perform the analysis. ARGUS is the industry standard commercial real estate cash flow projection, transaction analysis and asset valuation solution.
AVE is a mixed use business park spanning 180 acres at the intersection of N.W. 57th Avenue (Red Road) and N.W. 142nd Street in Miami. The project features a mix of over 2 million square feet of industrial warehousing, complemented by retail amenities and access to one of the area’s leading GA airports.