Colliers Facilitates $21.75M Industrial Sale In Miami
In this highly competitive industrial real estate sales market, the buyer signed the purchase and sales agreement and closed the same day.
In this highly competitive industrial real estate sales market, the buyer signed the purchase and sales agreement and closed the same day.
The transaction marks one of the highest sales for industrial land in North Fort Lauderdale.
Here are the most popular news headlines this past week on CRE-sources.
The to-be-built warehouse will total 174,348 square feet.
The property was the former headquarters of the family-owned and operated Rex Discount.
Berger Commercial Realty/Corfac International Managing Director-Palm Beach County Michael Feuerman, Esq., SIOR, CCIM and Sales Associate Daniel Silver, along with Matt Sultenfuss, SIOR, Managing Partner at Tampa-based Avocat Group, negotiated the deal on behalf of the tenant.
The company announced the start of the 501,224-square-foot speculative development at 10300 NW 121st Way in Medley in May 2021. The building is now 100 percent leased.
The final sale price was $22 million, equating to $155 per square foot.
This marks the fourth time winning this prestigious honor from NAIOP’s South Florida Chapter in the past six years.
Here are the most popular news headlines this past week on CRE-sources.
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