Native Realty Retained to Market Cape Coral, FL Self-Storage Portfolio

FORT LAUDERDALE, FL and CAPE CORAL, FL, July 29, 2020 –- Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm, is expanding to the west coast of Florida with the exclusive listing of a Cape Coral self-storage portfolio, priced at $6.8 million.

Jaime Sturgis

 Firm CEO Jaime Sturgis and Native’s Dan Ross are marketing the eight-property portfolio.

 The listing is of unusually high demand in the current COVID environment, as investors flock to the safety of Industrial/Flex investments. 

Savvy investors covet self-storage assets because, when run efficiently, they can produce strong income in any economic or real estate cycle.

 This portfolio consists of 523 units totaling 79,052 square feet across 5.24 acres. It features a wide range of units, creating opportunities for flex/industrial uses beyond traditional self-storage.

 Extensive recent capital improvements include new roofing systems designed to withstand 140 miles per hour winds, hurricane-rated overhead doors, an 87-camera cloud-based security system and new LED interior and exterior lighting.

Dan Ross

 “Demand for industrial assets is at an all-time high, and supply remains limited,” Sturgis said. 

“The current COVID environment has only increased demand, as many businesses and households choose to downsize and seek storage space as a more cost-effective option.

"This is a rare opportunity to acquire a stabilized portfolio, in an up-and-coming city, with strong in-place cash flows, and an opportunity to value-add through stabilization to further increase an investor’s return.

"The properties are well maintained - with little deferred maintenance - and are flexible in design, which allows them to pivot to more industrial/flex uses in the future, creating multiple exit strategies.”

Cape Coral’s population has increased by 41% since 2000. It is projected to grow by another 11.69% over the next five years.

For more information on the portfolio, visit nativere.com/listings.

 Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

www.nativere.com. 

Native Realty Hired to Market Downtown Fort Lauderdale, FL Property with Significant Development Potential

FORT LAUDERDALE, FL, July 20, 2020 – Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm, is marketing one of the last development sites on downtown Fort Lauderdale’s Federal Highway corridor for $12.5 million.

Firm Founder and CEO Jaime Sturgis is listing the 150 N. Federal Hwy. property.

 The 0.78-acre site is walking distance to many of the city’s most popular bars and restaurants on Las Olas Boulevard and in Flagler Village. It is just down the street from Virgin Trains USA’s Fort Lauderdale station.

Existing zoning potentially allows for hotel with up to 212 rooms, residential with up to 109 units or a 12-story mixed-use development.

 “You could not ask for a more well-positioned development site at the gateway to downtown Fort Lauderdale,” Sturgis said. “We anticipate substantial interest in this offering given the scarcity of such properties in the city’s urban core.”

150 North  Federal Highway, Fort Lauderdale, FL

Sturgis and Native’s Dan Ross are also exclusively marketing one of the last available land assemblages in Flagler Village. The 600, 614 and 618 NE Third Ave. and 313 NE Sixth St. assemblage is priced at $7.7 million and has zoning that allows for a wide variety of development up to 150 feet.

 CONTACT: 

Eric Kalis

Vice President

BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

www.nativere.com. 

Native Realty Represents Miami Developer/Investor in First Fort Lauderdale Acquisition

Eduardo Pelaez

FORT LAUDERDALE, FL –– Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm, closed another impactful real estate transaction in one of the city’s hottest emerging neighborhoods.

 Firm CEO Jaime Sturgis represented a Miami developer active in Wynwood and Little River in his inaugural Fort Lauderdale investment.

Eduardo Pelaez’s Wellmeaning Investments acquired the 1.21-acre site of the Fourth Avenue Church of God for $2.4 million on June 15.

The church sold the 1219 and 1239 NE Fourth Ave. properties, which include 6,721 and 12,508-square-foot buildings, to Pelaez’s company. It plans to relocate following the sale.

Fourth Avenue Church of God
Fort Lauderdale, FL 

“This transaction speaks to the increasing appeal of Fort Lauderdale’s urban core neighborhoods and the 13th Street corridor’s role in expanding the momentum created by Flagler Village,” Sturgis said.

“The fact that investors and developers who primarily focused on Miami’s urban neighborhoods are now planting their flags here shows that our long-term place-making efforts in the city are paying off.”

Pelaez’s company, a family-owned private investment and development firm that assembled four blocks in Wynwood starting in 2009 and introduced new concepts to the neighborhood including food halls and a theater, intends to embark on a substantial adaptive re-use of the Fort Lauderdale buildings.

 Pelaez said he envisions a vibrant mixed-use destination with a food hall with additional retail and entertainment uses.

“I can see a project similar to what we were doing in Wynwood early last decade, with concepts reminiscent of Zak the Baker and Panther Coffee,” he said.

Jaime Sturgis 

 “This is such a promising stretch of Fort Lauderdale that will benefit from gastronomy and entertainment. We hope this is the first of many developments for our company in the city.”

There is a precedent for creative repurposing of structures such as churches in the neighborhood.

Earlier this year, Sturgis finalized a lease with the restaurant and bar operator David Cardaci for the entire ground floor of a historic Flagler Village church building.

Dan Ross 

 Cardaci plans to open an 8,000-square-foot restaurant, bar and live music venue called The Sanctuary inside the 441 NE Third Ave. building.

Sturgis and Native’s Dan Ross are exclusively marketing one of the last available land assemblages in Flagler Village.

 The 600, 614 and 618 NE Third Ave. and 313 NE Sixth St. assemblage is priced at $7.7 million and has zoning that allows for a wide variety of development up to 150 feet.

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

 CONTACT:

Eric Kalis

Vice President

BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

www.nativere.com. 

Jaime Sturgis Hired to Market Affiliated Development’s Transformative Project on Fort Lauderdale’s Sistrunk Boulevard

The Six13 mixed-use project is named
after its 613 NW Third Avenue
address in Fort Lauderdale, FL

FORT LAUDERDALE, FL –– Jaime Sturgis, Founder and CEO of pioneering commercial real estate firm Native Realty, is increasingly being called on to market properties and new developments located in Qualified Opportunity Zones within Fort Lauderdale’s Flagler Village, 13th Street and Sistrunk Boulevard neighborhoods.

 In the latest example, Affiliated Development has retained Native to exclusively market The Six13, the first vertical project rising in newly renovated Sistrunk.

The Six13 – named after its 613 NW Third Ave. address – has generated significant attention due to the project’s location within an Opportunity Zone and the attainable rent structure proposed for the 142 apartments.

Sturgis is marketing the ground-floor restaurant space, which includes 3,424 square feet of interior space and 576 square feet of outdoor seating. Affiliated is scheduled to complete the project in June 2020.

Including The Six13, Native is working with owners and developers of about 10 Opportunity Zone sites in Fort Lauderdale’s emerging urban neighborhoods.

CONTACT:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999

C 305-794-5123