Avison Young Closes Sale Of Single-Tenant, NNN Lease Industrial Building In Sunrise
The building sits on five acres in Sawgrass International Corporate Park.
The building sits on five acres in Sawgrass International Corporate Park.
Berger Commercial Realty/Corfac International Vice President Jonathan Thiel, Sales Associates Daniel Forman and Senior Vice President Keith R. Graves, CCIM, represented the landlord, Seagis Property Group LP, in executing thel leases.
Senior Vice President Keith Graves, CCIM, Vice President Jonathan Thiel and Sales Associate Daniel Forman will serve as the exclusive leasing agents for the three (3) multi-tenant industrial, warehouse buildings, which total ±108,000 square feet.
Totaling 144,168 square feet, Building G is now 62% pre-leased. The project is currently under construction and on pace for a December 2021 completion.
World Freight Logistics (WFL) paid $212 per square foot for the property.
Totaling 1.38 acres on the block running up to the iconic Lincoln Road, the portfolio includes 1.21 acres or 52,500 square feet of contiguous developable lots with an existing 55,516-square-foot mixed-use/retail structure along Alton Road and an additional 0.17-acre or 7,500-square-foot parking lot on the West Avenue side.
Ronald Meyerson, P.A, Senior VP of Multifamily Sales with Cedano Realty Advisors, represented both parties in the transaction.
The transaction includes a 1,992-square-foot building situated on 33,579 square feet of land.
Conte, Ahearn and Butters exclusively represented the interest of the owner in the transaction.
The sale consists of three folios totaling 13,000 square feet of land, with the southernmost folio hosting a 3,111-square-foot single-story building.
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