Tuesday, June 17, 2014

Marcus & Millichap Arranges Sale of 27,780-SF Retail Property in Lauderhill, FL for $1.39 Million

  
Jonathan Gerszberg
LAUDERHILL, FL, June 17, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Atrium, a 27,780 square-foot mixed-use retail and office property located in Lauderhill, FL. The asset sold for $1,390,000.

Jonathan Gerszberg, a senior associate, in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Lauderhill, FL.  

Gerszberg also secured the buyer, a senior living operator, from Cleveland, TN who intends to use the building to support their senior care facility next-door.  

Gerszberg explains that “this was a surprisingly complex transaction because the buyer wanted all of the tenants on short-term leases in order to provide them with the flexibility to use the building as they see fit.  We were able to negotiate with the tenants and balance a number of moving pieces to close the deal.”

The Atrium is located at 4311 Rock Island Road in Lauderhill, FL.

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

Kirk A. Felici
First Vice President/Regional Manager,
 Miami, FL
(786) 522-7000


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