Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
Jason Hochman and Ron Granite of Cushman & Wakefield secured $46.3 million in acquisition financing through Argentic Investment Management on behalf of the buyers.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
The four-story buildings total 498,073 square feet.
The eight office buildings total 81,034 square feet.
The building totals 107,304 square feet.
Jason Hochman, Mike Ciadella and Ron Granite of Cushman & Wakefield’s Equity Debt and Structured Finance team secured the new long-term, non-recourse loan through BankUnited.
The buildings, which total 64,436 square feet, were 93.5% occupied at the time of the sale.
The final sale price was $22.6 million. CLICK ON THE HEADLINE FOR MORE
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