Done Deals: Dec 9, 2012

Sunday, December 9, 2012

Marcus & Millichap Sells Riviera Beach, FL Winn-Dixie for $7,378,500

Winn-Dixie, Rivera Beach, FL

RIVIERA BEACH, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Winn-Dixie, a 45,973-square foot grocery store located in Riviera Beach, FL. The asset commanded a sales price of $7,378,500.

Vice President Investments Douglas K. Mandel and investment associate Howard Bregman in Marcus & Millichap’s Ft. Lauderdale office, exclusively represented the seller, a limited liability company from Miami Beach, FL.

Howard Bregman

The buyer, a limited liability company from Miami, was secured and represented by Gabriel Britti, Senior Associate in Marcus & Millichap’s Miami office.

Winn-Dixie occupies the entire property under a 20-year lease which expires July 13, 2024, and has six additional five-year options to extend. Winn-Dixie is located at 3700 Broadway in Riviera Beach.

Press Contact:

Gregory Matus

Vice President/Regional Manager,

Ft. Lauderdale

(954) 245-3400

Marcus & Millichap Sells Pompano Beach, FL Showroom/Warehouse Building for $3.25 Million

Powerline Industrial Showroom/Warehouse

POMPANO BEACH, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Powerline Industrial, a 78,936-square foot showroom/warehouse facility located in Pompano Beach, FL. The asset commanded a sales price of $3,250,000.

Vice President Investments Douglas K. Mandel in Marcus & Millichap’s Ft. Lauderdale office and Senior Associate Greg Zeifman in the firm’s Miami office had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami, FL.

Douglas K. Mandel

The buyer, a limited liability company from Hallandale, FL, was secured and represented by Mandel and Zeifman.

Powerline Industrial is a class-B showroom/warehouse facility designed to accommodate retail/showroom tenants in the front of the property and warehouse/industrial tenants in the rear.

The property is configured with 14 suites, eight of which are retail/showroom suites and six are warehouse units. The ground-level space consists of 63,127 square feet and the second-level mezzanine and office space account for 15,809 square feet.

Greg Zeifman

Located at 1711 N. Powerline Rd., Powerline Industrial is ideally situated with direct frontage on Powerline Road, less than a half-mile to the east and west of Interstate 95 and Florida’s Turnpike, respectively.

Press Contact:

Gregory Matus

Vice President/Regional Manager,

Ft. Lauderdale

(954) 245-3400

Pompano Beach, FL Office Building Sold by Berger Commercial Realty for $555,000.

Judy Dolan

FORT LAUDERDALE, FL – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced a deal from brokers Judy Dolan and Steve Hyatt.

Dolan and Hyatt represented Waterfall Victoria Mortgage Trust 2010-SBCI REO, LLC in the sale of a 7,286-square-foot office building, located at 760 East McNab Rd. in Pompano Beach, to MJ Florida Investments, Inc. for $555,000. The renovated building will be leased as office space.

Steve Hyatt

Additionally, Hyatt represented GSPI, LLC in the sale of the former DaVita Dialysis Center, a 6,300-square-foot office building, located at 1305 East Atlantic Blvd. in Pompano Beach, to KMC Holdings, LLC for $525,000. The property will be utilized as medical office space.

“There is strong demand in the market for owner/user-type buildings of less than 10,000 square feet," said Berger Commercial Realty Senior Vice President Steve Hyatt.

"Sellers have gotten more realistic in their pricing expectations and buyers are taking advantage of historic low financing rates for owner-occupied buildings. In addition, these types of buildings are being acquired at almost the half to cost to build new ones.”

Contact:

Marielle Sologuren

Pierson Grant Public Relations

6301 Northwest 5th Way, Suite 2600

Fort Lauderdale, FL 33309

Phone: (954) 776-1999, ext. 226

Fax: (954) 776-0290

msologuren@piersongrant.com

http://piersongrant.com/

www.HighImpactDigital.com

bergercommercial.com.

Berger Commercial Brokers $2.2 Million Land Sale in Fort Lauderdale, FL

2001 South Andrews Ave., Fort Lauderdale, FL

FORT LAUDERDALE, Fla. – Berger Commercial Realty, a full service commercial real estate firm based in Fort Lauderdale and serving clients around the state, announced a deal from brokers Keith Graves and Lloyd Berger, president of Berger Commercial Reality.

Keith Graves

Graves and Berger represented HD Supply Holdings in the sale of a 31,212 square-foot property located on 2.67 acres at 2001 S. Andrews Ave. in Fort Lauderdale, to Dino Properties, LLC for $2.2 million.

Dino Properties will invest an additional $2.4 million for renovations to accommodate a medical administration company, which is relocating to Fort Lauderdale and will employ a staff of 85.