Berger Commercial Realty’s Lawrence Oxenberg Negotiates Sale Of Davis Plumbing Property Portfolio
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 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.
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The portfolio is comprised of 20 buildings
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Tom O’Loughlin of CBRE represented the landlord, GPT SW 12TH AVENUE OWNER LLC, in the lease deal.
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With housing prices continuing to rise despite the uncertainty, more time worked out favorably.
The industrial flex warehouse located along NE 189th Street in the high barrier-to-entry market of Aventura (Miami MSA) offered both stable income with additional upside, given the size and liberal zoning of the parcels as well as the prime location and strong opportunity for redevelopment.
He joins Berger Commercial Realty with a background in digital marketing and supply chain management.
Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the seller in the transaction.
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