Berger Commercial Realty/Corfac International Senior Vice Presidents Keith Graves, CCIM and St. George Guardabassi represented seller J & RI AND SON, LLC in the sale of a free-standing retail property located at 701 E Sunrise Blvd. in Fort Lauderdale, Florida.
FORT LAUDERDALE JIU-JITSU LLC purchased the 2,500-square-foot building, which is situated on a 18,217-square-foot lot, for $1,812,500, with plans to renovate the currently vacated space into a Jiu-Jitsu facility.
The deal closed June 15.
The 1967-built property features 77 feet of frontage on E Sunrise Blvd and is conveniently located within close proximity to fastest growing neighborhood, Flagler Village.
Guardabassi said, “The Buyer recognized that this location on Sunrise Boulevard offered his business nearly unlimited growth potential with the many new developments planned including the Sears Town site and Galleria Mall.”
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.