The Davis Plumbing portfolio includes properties at 1404 NE 4th Ave, 1408 NE 4th Ave and a land parcel at the NWC of NE 5th Ave & NE 14th Street.
The property was the former headquarters of the family-owned and operated Rex Discount.
Totaling 144,168 square feet, Building G is now 62% pre-leased. The project is currently under construction and on pace for a December 2021 completion.
“We have known Les and Steve for many years and we have a long history and successful track record working together to complete sale and lease transactions due to our close communication, trust and confidence in each other’s abilities,” explained Alan Levy. “It has been such a pleasure to work with both of them again on these recent deals.”
The lease is valued at $1.7 million.
Coastal Waste & Recycling of Broward County, LLC sold the facility, which is situated on 1.88 acres of land, for $4,500,000.
Executive Managing Director Ben Eisenberg, Managing Director Thomas Kresse and Vice President Carlos Gaviria represented the seller in the transaction.
The 136,000-square-foot building is fully occupied under a long-term lease to a national provider of packaging products and services.
He has 14 years of experience in South Florida commercial real estate covering most types of transactions and representation. His experience in office and industrial agency and tenant representation, healthcare, multimarket portfolio accounts and advisory services lends itself as a perfect fit to the Sperry platform of services.
Joel A. Kattan and Anthony Peragine of SVN Commercial Realty represented the seller, BPL Family, LLLP in the transaction, which closed on September 6. CLICK ON THE HEADLINE FOR MORE
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