Berger Commercial Realty Named Exclusive Sales Agent For $19 Million Portfolio

Berger Commercial Realty was appointed by Rising Tide Development, LLC as the exclusive sales agent for a portfolio consisting of three business parks in Fort Lauderdale.
Listed at $19.275 million, the properties span 16.24 acres and total 207,752 square-feet of office, flex and industrial space.
Senior Vice Presidents Joseph Byrnes and Keith Graves and Senior Sales Associate Jonathan Thiel will serve as the brokers for the portfolio, which includes:
Powerline Business Center, Cypress Creek Exec Court & Cypress Creek Business Park
• Powerline Business Center, an 82,339-square-foot grade-level warehouse, showroom and office park located at 5601 N.W. Powerline Road, which is 97 percent occupied and offers high visibility on Powerline Road;
 
• Cypress Creek Executive Court, a 70,822-square-foot business park located at 2700 W. Cypress Creek Road that is 88 percent occupied and offers ample parking and convenient access to all of Broward County and South Florida;
 
and Cypress Creek Business Park, a 54,600-square-foot, two-building, single-story office and flex park located at 6555 N.W. Powerline Road, which is 82 percent occupied and features plentiful parking, round-the-clock access and flexible floorplans.
 

“These are multi-tenant investment-grade properties with an in-place cash flow,” Graves said. “This is a great opportunity for a potential buyer to acquire premier commercial property as either an entry point into the local market or as an addition to an existing commercial real estate portfolio.”

Berger Commercial's Joe Byrnes, Keith Graves and Jonathan Thiel
Berger Commercial Realty was appointed as the exclusive leasing agent for the properties in 2014 and has increased the total average occupancy from 60 percent to 85 percent.
 

 

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