Fort Lauderdale Office Building Sells For $248 PSF

A four-story office building in Fort Lauderdale, just south of downtown, sold for $16.25 million.

Ocita Properties, managed by Richard Kronrad and Martin Sutker in Hollywood, sold the 65,643-square-foot office building to 501 S. Andrews Avenue LLC, managed by Miami attorney Steven A. Landy.

The price equated to $248 per square foot.

The office building was developed on the 1.65-acre site in 1970.

 

Source:  News Break