Franklin Street Arranges $10.3M Sale Of 43-Unit Multifamily Portfolio
The 100% occupied, 33,557-square-foot portfolio traded for $239,535 per unit.
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The 100% occupied, 33,557-square-foot portfolio traded for $239,535 per unit.
The Florida native brings nearly a decade of experience to Bridge, along with a knack for sourcing off-market transactions.
Jonathan’s first few years in the business have resulted in securing numerous listings, multiple closed sales representing both sellers and buyers, successful representation of landlords in leasing medical, office, and warehouse spaces, and successful tenant representation assignments. He has since assisted in the development of the Berger Industrial Team which primarily focuses on flex and industrial properties.
World Freight Logistics (WFL) paid $212 per square foot for the property.
Julian Huzenman, Vice President of Leasing & Brokerage with FIP Commercial Realty, arranged the sale.
The venture led by Parmenter will invest significant capital to enhance and reposition the property, establishing it as a new innovation hub in Doral.
Here are the most popular news headlines this past week on CRE-sources.
The buyer paid $8,550,000 for the asset.
The company manages and leases a ±4-million-square-foot, 41-property portfolio throughout the state of Florida comprised primarily of grocery-anchored shopping centers as well as mixed-use and office properties.
They were able to procure the buyer for $395,000 over list price.
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