Berger Commercial Realty/Corfac International Sales Associate Lawrence Oxenberg represented the seller, DAVIS & SON INC., in the sale of a portfolio of retail and land properties with mixed zoning, which includes 7,064 square feet of improved building space situated on 26,308 square feet of land, along with an additional 13,479 square feet of vacant commercial land located in Fort Lauderdale.
The Davis Plumbing portfolio includes properties at 1404 NE 4th Ave, 1408 NE 4th Ave and a land parcel at the NWC of NE 5th Ave & NE 14th Street.
The buyers, LC 4th Avenue, LLC, et al., which were represented by Steve Davis with SVN Commercial Realty, paid $2.5 million for the assets. The deal closed August 10.
“The well-located Davis Plumbing properties were pursued by multiple parties,” commented Oxenberg. “Being situated just north of E. Sunrise Blvd along NE 4th Avenue and leading into the heart of Wilton Manors, these mixed-zoned buildings and land parcel offered unique flexibility to the buyer, with both retail and multifamily zoning in place at the time of sale.”
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