Demonstrating the continued growth of the Broward County investment market, 91制片厂 Retail Group (SRG) represented a local firm in the sale of its former headquarters and the purchase of its new office.
91制片厂 Vice President Bill Pace represented Sun Auto Tops, Inc. in the sale of its Fort Lauderdale showroom/office/warehouse at 700 W Sunrise Boulevard and in the purchase of its new location at 3705 West Commercial in Tamarac.
Accelerated Investments FLL LLC acquired the East Sunrise Boulevard property for $9.4 million. Dan Lynch of Atlantic Retail Properties represented the buyer in the transaction.
鈥淭he East Sunrise market is showing incredible strength right now due to its prime location just north of downtown, excellent demographics and easy access to I-95,鈥� Pace said.
Despite the attractive location, there were still obstacles as the property features three distinct building types. Situated on just over two acres, it has a 7,075 SF retail showroom, a 6,997 SF Class A office space and a 36,662 SF warehouse.
鈥淔inding the right buyer was a challenge due to the building鈥檚 size and multiple use categories,鈥� explained Pace. 鈥淥ne potential buyer may like the warehouse but not need the office. We were able to utilize a variety of resources and contacts to find the perfect buyer and provide a great outcome for all involved.鈥�
鈥淥ur client鈥檚 needs did not end with the sale. In many ways, the most challenging aspects of the process came while identifying the new location. Bill and our SRG team worked tirelessly to create an economic structure and timeline that met the demands of each of the parties鈥� said Dan Coyle, SVP, 91制片厂 Retail Group.
The 3705 West Commercial property in Tamarac, which was purchased for $4.6 million, features a 30,656 SF retail showroom/warehouse situated on 2.043 acres. Clint Casey and William Rotella of The Rotella Group represented the seller, NRNS Acquisition 3705 Commercial LLC.