Berger Commercial Realty/Corfac International Sales Associate Jordan Beck represented the buyer, a New York-based investor, in the purchase of a 63,832-square-foot industrial building located at 511-541 NE 32 Street in Oakland Park, Florida.
The buyer paid $8,550,000 for the asset in an off-market deal.
“It has been an absolute pleasure representing these buyers in this transaction,” commented Beck. “This deal required a significant amount of cooperation, with 1031s involved and very important deadlines needing to be met. All parties were very instrumental, from legal counsel, the seller, and seller’s broker in getting this across the finish line.”
Located just off Oakland Park Boulevard and approximately one mile from the I-95 on/off ramp, the 1962-built, two-building industrial property was fully-leased with a diverse tenant mix at the time of the sale.
The seller, Taylor Creek LLC, was represented by Paul Levine with Warehouse Realty.
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 is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.