Vision Real Estate Advisors’ Elon Gerberg, Adam Klein Facilitate $6.64M Sale Of Sunrise Retail Plaza
The property, which was 92% occupied at the time of sale, had been under the same private ownership for the past 20 years.
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The property, which was 92% occupied at the time of sale, had been under the same private ownership for the past 20 years.
The transaction was represented by Mike Beckert, Chris Haass, and Scott Witkowski of Cohen Commercial Realty (CCR) on behalf of the tenant. Sabrina Stimming and Ruben Suarez of Colliers represented the landlord.
Nelson Garcia of RARE CRE represented the seller in the acquisition. Michael Basinski and Mitch Sinberg of Berkadia Boca Raton arranged a $31.75 million acquisition loan through City National Bank.
A county-owned site in northwest Miami-Dade could be transformed into a large-scale development combining warehouse space, affordable housing, retail, restaurants and recreational amenities.
Jennings brings more than 20 years of senior living development experience to Foundry, having overseen more than $1.2 billion in development projects throughout his career.
The company, which distributes engine components and supports aviation supply chains, is relocating from Pompano Beach.
Plans call for 2,874 residential units, including 200 townhomes, along with 400,000 square feet of retail, 125,000 square feet of Class A office space and a 185-room hotel.
The facility is a 100% climate-controlled, 4-story self-storage building consisting of approximately 1,116 storage units or 100,250 rentable square feet inclusive of 2,420 square-foot freestanding commercial space.
The company is a fintech-driven commercial lending platform that provides customized financing solutions to small and medium-sized businesses across the United States.
Asking rents range from $65 to $70 per square foot. Leasing is being led by Ed Schmidt and Robert Eckstein of NAI Miami/Ft. Lauderdale.
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