Franklin B. Morrison Negotiates Sale Of Small Bay Warehouse Building To Investor
The 6,000-square-foot warehouse sold for $590,000.
The 6,000-square-foot warehouse sold for $590,000.
Les Byron of Sperry Van Ness represented the tenant.
Mindful Capital has a portfolio valued over $200 million and currently has 21 assets under management.
Leslie will be overseeing 16 buildings totaling 840,063 square feet in the Seagis portfolio within Broward and Dade Counties.
She will serve as senior leasing representative for Duke Realty’s South Florida office.
A long term (20+ years) tenant recently signed a new 7-year lease starting January 1, 2021 with 3% annual increases at the property.
Adam J. Tiktin, president and broker of TREIS, represented both the Buyer and Seller in the transaction.
Morrison represented the sellers in the transaction.
The development firm has transformed the industrial building on NE 2nd Ave. into a mixed-use destination, including a compelling assortment of boutique shops, prospective office, and food-and-beverage concepts, to serve thousands of current and incoming neighboring apartment dwellers.
The property was listed on November 16, under contract December 12 and closed on February 26 at 93.3% of list price.
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