Tag Archive for: sperry van ness

3 Sales In 30 Days Within 3 Miles

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Bonvie Realty closed on three properties within three miles of each other in Fort Lauderdale within the past month.

The buildings are all due to be renovated under their new ownership.

The office buildings are older and have needed major renovations for some time. Each of the three buildings will have the renovation project started before the end of the year under the new owners, though completion dates have not been announced.

TFRE Holdings, Inc. acquired the two-story, 11,609-square-foot retail building at 5130 N. Federal Highway from KAS Partners LLC for $1.03 million, or about $88 per square foot. Rick Bonvie with Bonvie Realty represented both the buyer and seller in the sale.

Bonvie Realty represented the buyer, Steven D’ Apuzzo LLC on the acquisition of 2755 E. Oakland Park Blvd., while Keith Kidwell with Sperry Van Ness represented the seller, Cheiftain Holdings LP. The three-story, 20,961-square-foot office building sold for $1.8 million, or about $87 per square foot.

And most recently, 4331 N. Federal LLC purchased the Monaco Building, a 19,091-square-foot office building located at 4331 N. Federal Hwy., from Mayjus LLC for over $1.5 million, or about $83 per square foot. Rick Bonvie with Bonvie Realty represented the seller, while Kenneth Weston Healthcare represented the buyer.

 

Source:  CoStar

Sperry Van Ness Reps Advance Fire & Security In Purchase Of Pompano Office Building

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Advance Fire & Security purchased a 28,000 square foot office building on 2.5 acres from Harrisons Holdings II, LLC for $2,250,000 or $81 per square foot.

Known as the Lakeview Health Building, the property is located at 2701 Gateway Drive, Pompano Beach.   It was constructed in 1982 by the agent’s father; Les Byron Associates.

Les Byron, Jr. SIOR, CCIM, Steve Davis and Keith Kidwell, SIOR, CCIM of Sperry Van Ness Commercial Realty in Fort Lauderdale, Florida, represented the Buyer in the transaction.

Sperry Van Ness Sells Pompano Office Building In All Cash Deal

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Sperry Van Ness Commercial Realty has brokered the sale of Headquarters at Gateway Lake office building in Pompano Beach for $2,135,000, or $63.36 per square foot. The all cash deal closed on February 15, 2013.

Joel A. Kattan and Hernan Prohaszka represented the seller, PBE Companies, LLC.

The three story, 33,695 SF,  Class “B” office building located at 1280 SW 36th Avenue went into foreclosure in 2010 and suffered from high vacancy and deferred maintenance. Sperry Van Ness Commercial Realty was exclusively retained by the bank to handle the sale of the property upon taking control of the asset.

“We feel this deal represents a very good ‘price-per-pound’ considering that asking lease rates in the immediate submarket are above $10 per square foot, resulting in a considerable upside potential,” said Joel A. Kattan, Senior Advisor at Sperry Van Ness Commercial Realty.

Doral Retail Center Holdings, LLC, the buyer, plans on making significant capital improvements in order to stabilize the asset.

“No doubt, the beautiful lake views and campus-like setting combined with the proximity to major thoroughfares and nearby amenities will draw excellent tenants once the renovations are completed,” said Hernan Prohaszka, Senior Advisor at Sperry Van Ness Commercial Realty.

Sperry Van Ness’ Joel A. Kattan and Hernan Prohaszka have represented banks in the disposition of four REO properties from the fourth quarter of 2012 through now, and with more to come.

Steve Davis & Frank Morrison Team Up For 24,000 SF Warehouse Sale

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Orange Boulevard, LLC has purchased the former Vogue Tyre Center Building, a 24,240 square foot warehouse building located at 2700 NW 55th Court, Fort Lauderdale for $1,500,000 or $62.00 per square foot.

The Buyer is relocating their distribution facility to this site.  The seller was Vogue Tyre and Rubber Company.

Steven Davis of Sperry Van Ness Commercial Realty in Fort Lauderdale, Florida represented the Seller in the transaction, and Frank Morrison, with NAI Rauch Weaver Norfleet Kurtz & Co., represented the Buyer.

Les Byron Closes Davie Warehouse Sale

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J.D. Backhoe Associates, Inc. has purchased a 12,700 square foot industrial building on 2.58 Acres from Fran McDonough for $802,000 or $63 per square foot. The property is located at 4300 SW 59th Avenue, Davie, FL.

It was constructed in 1975 and was known as the Eagle Metals building.

Les Byron, SIOR, of Sperry Van Ness Commercial Realty in Fort Lauderdale represented the seller in the transaction. The buyer did not have an agent.