SVN Commercial Partners ROI Group Closes Sale Of Miami Beach Office Property For $465 PSF
The 17,228-square-foot property sold for $8,025,000.
The 17,228-square-foot property sold for $8,025,000.
These projects not only represent significant opportunities for Bollig and his clients but also signal the continued upward trajectory of St. Lucie County as a desirable destination for development.
Adam H. Klein and Elon Gerberg facilitated the transaction for both seller and buyer.
This transaction underscores the continued activity on the Treasure Coast, specifically in Port St. Lucie and Fort Pierce.
As Fort Lauderdale faces a scarcity of available commercial investment properties, savvy investors are redirecting their focus towards well-located assets in surrounding submarkets, particularly Oakland Park.
With his experience as a restaurateur, expertise in commercial real estate and owning his own firm in Chicago for over 20 years, he brings a unique perspective and acumen to the hospitality industry.
The industrial flex warehouse located along NE 189th Street in the high barrier-to-entry market of Aventura (Miami MSA) offered both stable income with additional upside, given the size and liberal zoning of the parcels as well as the prime location and strong opportunity for redevelopment.
The transaction equated to $176,944 per unit.
Klein and Gerberg represented the buyer, Brickbox Management LLC, in the transaction.
NewRock Real Estate Partners LLC and Brickbox Properties purchased the asset from Schulz and Schulz Realty.
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