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Berger Commercial Realty Closes $5 Million Sale of 70,000-sq.-ft. Andrews Avenue Property

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FORT LAUDERDALE, Fla. (August 15, 2019) – Berger Commercial Realty/CORFAC International Senior Vice Presidents St. George Guardabassi and Steve Hyatt recently facilitated the sale of 1801 South Andrews Ave. to 1801 Associates, LLC for $5.28 million. The buyers were also represented by Berger Commercial Realty in the transaction.

Located just two blocks south of Broward Health Medical Center at the corner of Southeast 17th Street and Andrews Avenue, the property consists of a 14,720-square-foot former outpatient medical center situated on 70,000 square feet of land.

 

“The buyers recognized the investment value of the property due to its size, ease of access to major roadways and close proximity to downtown Fort Lauderdale, Las Olas and the burgeoning 17th Street corridor,” Guardabassi said. “Additionally, the site is located near Fort Lauderdale Beach, Port Everglades, Fort Lauderdale/Hollywood International Airport and several upscale neighborhoods including Harbor Beach and Rio Vista.”

 

The buyers will lease the existing building as office space while they consider the best long-term use of the property.

 

For more information about Berger Commercial Realty’s brokerage services, call 954-358-0900.

 

About Berger Commercial Realty/CORFAC International

Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit www.bergercommercial.com.

 

About CORFAC International

CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

 

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