Florida Big Box Building With Ross Dress For Less Sells For A Profit At $17.7 Million

Photo byMichael Rivera, CC BY-SA 3.0, via Wikimedia Commons

In the last month, Florida has had some sales of larger shopping centers. I have written about the sale of Lee Vista Promenade for $68.5 million and a retail center at 318 Lincoln selling for a loss at $13.6 million. Now, a big box store in Aventura with a Ross Dress For Less sold for a slight profit.

About Ross Dress For Less: This company has been around since 1982. According to its website, its goal is to bring department and specialty store goods at a savings. Because they are the nation's largest off-price retailer, they have buying power to obtain bargains.

The Ross Dress For Less located at 18495 Biscayne Boulevard has been reviewed over 2,400 times and earns 4.2 out of 5 stars on Google reviews.

Although some complained about long lines, others had nice things to say. A reviewer named Henry wrote:

"Compared to my location in Illinois, this place has such a huge selection of clothes to choose from. Pants and shorts and double-height racks?! I wish I had this back home. Every single register (was) open. But be prepared to make a line."

The Sale: In late August of 2024, the building that housed The Ross Dress For Less was sold for $17.7 million or $624 per square foot.

The building last sold for $16.38 million in 2017, so the $17.7 million was a profit. This building is around five miles from the Aventura Mall and it is next to a Dicks Sporting Goods. There is also a Publix and Olive Garden nearby.

The author is not affiliated with Ross Dress For Less, Publix, Dick's Sporting Goods, or any other retailer.