Franklin Street Arranges Sale Of CVS-Occupied Retail Property
Franklin Street’s South Florida Investment Sales Team of Greg Matus, Adam Tiktin and Alex Lazo, along with Red Rock Realty’s Norman Matus, arranged the sale on behalf of the seller.
Franklin Street’s South Florida Investment Sales Team of Greg Matus, Adam Tiktin and Alex Lazo, along with Red Rock Realty’s Norman Matus, arranged the sale on behalf of the seller.
Franklin Street’s South Florida Investment Sales Team of Greg Matus, Adam J. Tiktin and Alex Lazo represented the seller, GSK Hollywood Development Group, LLC.
The buyer is Cochise Capital, a Los Angeles-based investment firm with a growing presence in South Florida.
The 100% occupied, 33,557-square-foot portfolio traded for $239,535 per unit.
They were able to procure the buyer for $395,000 over list price.
The property is currently 100% occupied with an average rent of $1,890 per month.
The boutique firm was founded in 2016.
The sale marks the second highest per unit sales price for its size, vintage and submarket.
In this new role, he will focus specifically on growing the company’s investment sales division on a national basis. CLICK ON THE HEADLINE FOR MORE
The longtime commercial real estate professional comes on board as director of agency leasing. CLICK ON THE HEADLINE FOR MORE
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