Steve Hyatt Of Berger Commercial Realty Facilitates Sale Of Industrial Property In Fort Lauderdale’s Flagler Village For Nearly $500 PSF

Steve Hyatt, Senior Vice President at Berger Commercial Realty/CORFAC International, successfully represented the seller in the $2,200,000 sale of a prime mixed-use property in the heart of Fort Lauderdale’s Flagler Village.

The transaction closed on May 22.

The 4,502-square-foot live-work, loft-style industrial building—located at 437 NW 1st Avenue—was sold by the Charles L. Peet Revocable Trust. Originally built in 1958 and completely renovated in 2018, the property blends vintage charm with modern functionality and continues to reflect the area’s dynamic evolution into a cultural and creative hub.

The buyer, Ronald Marks, was represented by Matt Lyons of Expedited Development Services LLC.

The final purchase price of $2,200,000 equates to approximately $489 per square foot, underscoring the continued high demand for quality assets in Flagler Village.

“Flagler Village continues to be a very desirable location to live and work,” said Hyatt, who led the seller-side negotiations. “This sale highlights the strength of the market and the unique appeal of mixed-use properties in this rapidly developing neighborhood.”

Flagler Village, known for its walkability, art-centric community, and eclectic mix of residential, retail, and office spaces, has emerged as one of Fort Lauderdale’s most sought-after destinations for both investors and residents.