Singer Island Boutique Hotel Sells For $150,000 Per Room
The buyer plans a multi-million-dollar project renovation to include an innovative restaurant design upgrade and additional penthouse units.
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The buyer plans a multi-million-dollar project renovation to include an innovative restaurant design upgrade and additional penthouse units.
The asset was the second of the seller’s 100% occupied, two-building portfolio to sell within three months, both sales totaling $17.2 million.
The project is on a fast-track for completion in the second quarter of 2021.
Maggie Kurtz, Kevin Gonzalez and Jake Freeman of CBRE are leasing the building on behalf of the landlord.
Maria Mainardi will be based in the Fort Lauderdale office.
The firm, which has historically focused its investments on the West Coast, has hired real estate veteran Marley Dominguez as director of acquisitions to run the Miami Beach office.
He’s bringing with him about 3 million square feet of office inventory and will continue to represent landlords.
The lease is valued at $1.7 million.
The 135,268 square foot warehouse is situated on 15.8 acres.
Thomas Kresse, Walter Byrd, Ben Eisenberg and Carlos Gaviria, will provide leasing services on behalf of the owner.
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