Berger Commercial Realty Facilitates $2.35 Million Purchase of Miller Legg Building
FORT LAUDERDALE, Fla. – Berger Commercial Realty brokers Keith Graves, CCIM, and Jonathan Thiel recently represented North Andrews Way Corp. in the $2.35 million purchase of the Miller Legg building from AVS Security Systems, Inc.
Located at 5701-5775 N. Andrews Way in Fort Lauderdale, the 21,871-square-foot multi-tenant office building sits on a 1.76-acre lot adjacent to the Cypress Creek Tri-Rail Station and provides convenient access and exposure to I-95. The property is currently more than 95 percent occupied with local consulting firm Miller Legg as its anchor tenant.
“This purchase exemplifies the continued resurgence in the Cypress Creek commercial real estate sub-market,” said Graves. “It’s a positive indication that our local market is keeping pace with the strong momentum that has been exhibited regionally in South Florida. This single-story building and its flexible floorplans serve as an attractive investment option for North Andrews Way Corp. and offer great value for tenants in today’s market.”
The property is located along the Cypress Creek corridor and is within minutes of Florida’s Turnpike, area shopping, banking and high-tech employers.
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 about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or 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.
