Sperry Commercial Global Affiliates | RJ Realty’s Ron Osborne Reps Buyer In Purchase Of Ridge Plaza Auto & Tire Center
The operator has occupied the property for 38 years and has 8+ years remaining on the lease with an annual 2% rent increase.
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The operator has occupied the property for 38 years and has 8+ years remaining on the lease with an annual 2% rent increase.
The intial offering will include 62 luxury condominiums with two- to four-bedroom units, starting at $3 million, and an exclusive mix of owner privileges.
The purchase price was $35.02 million, in excess of $375 per square foot of leasable space.
The national boating supply company created significant jobs and invested $800,000 of capital investments in the buildout of its 50,000 square foot space.
BOMA, the Building Owner’s and Manager’s Association of Ft. Lauderdale and the Palm Beaches, held its annual TOBY (The Outstanding Building of the Year) gala on Friday, November 11, to award top performers in building management and operations.
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