Fort Lauderdale Medical-Office Complex Sells For $12 Million
Native is on pace to surpass $1 billion in overall transactional volume during the third quarter of 2025.
Native is on pace to surpass $1 billion in overall transactional volume during the third quarter of 2025.
The transactions included numerous new leases and a sale transaction.
Read on for the most popular news headlines this past week on CRE-sources.
“The building was 84% leased at the time of sale, and with approximately 40% of the rentable square footage set to roll over in the next four years, new ownership has a compelling opportunity to drive significant net-operating income growth over the next decade,” said Douglas Mandel, IPA executive managing director investments.
Read on for the most popular news headlines this past week on CRE-sources.
Firm CEO Jaime Sturgis and COO Kaley Tuning represented the seller in the $5 million transaction, which equates to $650 per square foot.
Read on for the most popular news headlines this past week on CRE-sources.
The leases total just over 30,000 square feet.
The Coral Gables listing follows a series of notable divestitures by DWS in the region.
The eight-story property includes 111,400 square feet of office space, 26,700 square feet of ground-floor retail, and a 499-space parking garage.
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