Berger Commercial Realty’s Joseph Byrnes Negotiates Sale Of Former Printing Facility
The buyer intends to renovate and lease the property.
The buyer intends to renovate and lease the property.
New Associate Adam Docktor specializes in retail leasing and investment sales in emerging markets.
Seneca Town Center is anticipated to be one of the first of many major redevelopment projects throughout the Town of Pembroke Park.
The future mixed-use project will utilize the existing building.
The property was listed at $4,950,000 and within days, multiple full price offers were received – some over list price. The property closed within 0.5% of list price and a sub 5% capitalization rate.
The fully-occupied retail plaza features 138 feet of frontage along North State Rd 7 (US Highway 441), benefiting from a daily traffic count of over 52,000 vehicles.
Tricera and Merrimac closed the acquisition of the ±16,500 square feet of retail and restaurant space in August 2020
Senior Vice President Kimberly Barbar is handling the leasing.
The 80,361-square-foot property includes two freestanding outparcel buildings.
Tricera acquired the buildings for $13.25 million in January 2019.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
