Berger Commercial Realty/Corfac International Sales Associate Jordan Beck represented the buyer, a New York-based investor, in the purchase of a 63,832-square-foot industrial building located at 511-541 NE 32 Street in Oakland Park.
The buyer paid $8,550,000 for the asset in an off-market deal.
“It has been an absolute pleasure representing these buyers in this transaction,” commented Beck. “This deal required a significant amount of cooperation, with 1031s involved and very important deadlines needing to be met. All parties were very instrumental, from legal counsel, the seller, and seller’s broker in getting this across the finish line.”
Located just off Oakland Park Boulevard and approximately one mile from the I-95 on/off ramp, the 1962-built, two-building industrial property was fully-leased with a diverse tenant mix at the time of the sale.
The seller, Taylor Creek LLC, was represented by Paul Levine with Warehouse Realty.
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