Keith Kidwell, Les Byron, and Steve Davis of SVN | Commercial Realty represented the landlord and Patrick Conness of Conness Commercial Realty represented Sunbelt Rentals, Inc. in the transaction.
The lease transactions in West Palm Beach, Broward and Miami-Dade Counties total 96,453 square feet on 12.5 acres.
The transaction marks the third sale for Conness Crissy Realty in the South Broward market within the last 9 months, totaling over $15 million in transaction volume.
The buyer paid $2,725,000 for the asset. It last sold for $291,000. CLICK ON THE HEADLINE FOR MORE
Vice presidents Patrick Conness and Mike Crissy completed the deals, which encompassed two industrial building sales and a land sale. CLICK ON THE HEADLINE FOR MORE
The largest of these transactions was a 124,525-square-foot industrial lease at Super Commerce Center in Pompano Beach valued at approximately $7 million. CLICK ON THE HEADLINE FOR MORE
The price per square foot is nearly 25 percent over the Broward retail market average price per square foot for retail properties over 10,000 square feet sold in 2013. CLICK ON THE HEADLINE FOR MORE
The seller purchased the building in February, 2006, for $1,060,000. CLICK ON THE HEADLINE FOR MORE