Cushman & Wakefield Arranges Sale Of Flex Building In Flagler Station
Cushman & Wakefield’s Miguel Alcivar, Stuart Gordon and Matthew Bittel along with Marcus & Millichap’s Derrick Dougherty represented the seller in the transaction.
Cushman & Wakefield’s Miguel Alcivar, Stuart Gordon and Matthew Bittel along with Marcus & Millichap’s Derrick Dougherty represented the seller in the transaction.
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
The small-bay light industrial buildings were 95% leased at the time of sale to 42 tenants.
The building is leased to a mix of 25 office and retail tenants.
The property last sold in 2017 for $ 1,480,000.
Wayne Ramoski, Mark Gilbert and Miguel Alcivar of Cushman & Wakefield represented the selling partnership in the transaction.
Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell, Mike Ciadella, and Greg Miller of Cushman & Wakefield arranged the sale on behalf of the seller.
C&W’s Greg Miller, Scott O’Donnell, Dominic Montazemi, Mike Ciadella, and Miguel Alcivar represented the seller and buyer in the transaction.
The portfolio totals 138,979 square feet.
The acquisition of this Class A building represents a significant milestone for the buyer as they expand their portfolio and acquire their first South Florida asset.
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