Tuesday, May 7, 2013

Marcus & Millichap Sells 27,000-SF Bank of America Building in Lighthouse Point, FL for $1.5 Million




                                    Bank of America Building, Lighthouse Point, FL

LIGHTHOUSE POINT, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Bank of America Building, a 27,000- square foot office property located in Lighthouse Point, FL. The asset commanded a sales price of $1,500,000.

Douglas K. Mandel
Douglas K. Mandel, a First Vice President Investments in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from New York.  The buyer, a limited liability company from Illinois, was secured and represented by Senior Associate Jason N. Yukins, also in the firm’s Ft. Lauderdale office. 

The Bank of America Building is a four-story, class-B office building totaling 27,008 rentable square feet and is situated on 2.2 acres.  The building was constructed in 1968 and is currently 29 percent occupied by a Bank of America branch with seven drive-thru lanes.

Jason N. Yukins
The property has ample frontage along Federal Highway, just blocks south of Sample Road, and provides access to Interstate 95, the Florida Turnpike and the beaches. The Bank of America Building is located at 2850 N Federal Highway in Lighthouse Point, FL.

For a complete copy of the company’s news release, please contact:

Gregory Matus
Regional Manager / Vice President,
Fort Lauderdale, FL
(954) 245-3400

No comments: