Regions Bank Building, Hollywood, FL
HOLLYWOOD, FL, May 9, 2013 – Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Regions Bank Building, a
36,000-square foot office property located in Hollywood, FL. The asset
commanded a sales price of $3,790,000.
 |
| Douglas K. Mandel |
First Vice President Investments Douglas K. Mandel in
Marcus & Millichap’s Ft. Lauderdale office had the exclusive listing to
market the property on behalf of the seller, a private investor from Hollywood,
FL. The buyer, a limited liability
company from Golden Beach, FL was also secured and represented by Mandel.
The Regions Bank Building is a 36,000-square foot,
eight-story mid-rise office building.
The property features covered parking, building signage and a fully
updated drive thru.
The Regions Bank Building is currently 84 percent leased by
a mix of corporate and local professional tenants. There is an added benefit of
income from several rooftop telecommunications antennas, including leases with
Verizon, SprintPCS, and AT&T Communications.
Constructed in 1976, the high visibility building is located
just north of Hollywood Boulevard at 450 North Park Road in Hollywood,
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
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