CBRE Arranges Sale Of Three Assets In Boca Raton
All three properties were fully leased at the time of sale and were previously owned by one private investor who sold each property to a different buyer.
All three properties were fully leased at the time of sale and were previously owned by one private investor who sold each property to a different buyer.
Landy Toledo sourced the seller of the off market site, as well as the buyer, a private investor.
A 32-year commercial real estate development veteran, Butters is regarded as one of the most active and innovative developers in the state and a pioneer in elevating the architectural standards for commercial buildings.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
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The free-standing warehouse is currently occupied by Nefco, an industrial equipment supplier.
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The property offers spaces from 25,000 square feet to the entire building for lease.
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Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
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