Butters Industrial Brokerage Team’s Conte, Ahearn Represent Florida Freezer In New 85,000-SF Lease
CBRE’s Larry Genet and Tom O’Loughlin represented the landlord in the deal.
CBRE’s Larry Genet and Tom O’Loughlin represented the landlord in the deal.
The properties, located at 3240 SE 6th Avenue and 501 SE 33rd Street in Fort Lauderdale were sold to an owner/user for $1,475,000.
Here are the most popular news headlines this past week on CRE-sources.
Bridge Industrial had the property rezoned and subsequently built two Class A industrial Building for a total of ±174,129 SF.
The sale price equates to $136,750 price per unit; $200 per square foot; and a 4.8% capitalization rate.
Here are the most popular news headlines this past week on CRE-sources.
The sale was a classic value-add opportunity with rents at 10-20% below market for small bay warehouses.
The plaza totals 11,975 square feet.
Bridge’s growing South Florida asset management portfolio currently spans 5 MSF+ of Class-A industrial space.
CBRE’s Larry Genet, Tom O’Loughlin, and Jake Zebede represented the owner in the sale of the industrial warehouse.
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