Flo Rida Buys Miami Gardens Retail Plaza For $10M In The Neighborhood Where He Grew Up

The rapper, whose given name is Tramar Lacel Dillard, has officially purchased a Miami Gardens retail plaza in the Florida neighborhood where he grew up for a whopping $10 million.

According to the South Florida Business Journal, the “Low” emcee and his business manager, Lee “Freezy” Prince closed a deal on the Cloverleaf Plaza shopping center that is 100% occupied. Businesses include Cloverleaf Beauty Supply, Creole Kitchen, Boost Mobile, and Top Notch Cigars & Smoke Shop, per The Real Deal.

The deal, brokered by David Heinrich with Keyes Co., includes Taylor Made LLC providing the purchaser with a mortgage priced at $6.2 million, which breaks down to roughly $360 per square foot.

In 1993, the seller, G.I.A. Investments, paid $1.55 million for the Cloverleaf Shopping Plaza, which sits at 27,800 square feet. Originally, the property was built in 1955 with additions made in 1962 and 1963, according to The Real Deal.

No stranger to tapping into the business side of the industry, Flo Rida is not new to this entrepreneur lifestyle, he’s very much true to it.

As previously reported by AfroTech, the “Mail on Sunday” rapper has a net worth of $50 million. 

From investing in retail real estate to music and serving as a brand ambassador for a popular energy drink, Flo Rida has become quite the businessman, and his recent transaction is proof of it.

His latest power play comes just months after he was awarded $82.6 million in a lawsuit against Celsius, the energy drink company where he served as an ambassador, in January 2023.

Per court documents, Flo Rida initially asked for $30,000 in damages citing that the business failed to uphold a 2014 contract that stated he would be compensated in the form of stock options or a bonus. According to him, neither form was provided. As a result of the lawsuit, he continues a relationship with the company as part owner.