Berger Commercial's Keith Graves Closes Sale Of Hollywood Office Building
Berger Commercial Realty broker Keith Graves closed the $2,950,000 sale of an office building, located at 2500 Hollywood Blvd. in Hollywood, for Weil Corp.
DST Investments, LLC, represented by King Real Estate, purchased the four-story, 27,041-square-foot building as an investment. Built in 1976, the class B building was 79 percent occupied with many long-term tenants at the time of sale.
“With in-place cash flow, this boutique professional office building was particularly attractive to investors seeking to establish or expand commercial real estate portfolios in South Florida,” Graves said.
Strategically located near Hollywood’s central business and arts and entertainment districts, as well as local governmental offices, banks and major roadways, the building will continue to be used as office space.
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