Last week in South Florida, Vizzda tracked 4 new commercial projects and 55 sales totaling$381,556,173 in transaction value. Below are reports for five of the properties.
LAND
Vizzda tracked 7 new land sales in South Florida this week.
Land in Deerfield Beach Proposed for New Hotel
On July 1st, 2016, an entity tracing to Midwest Hospitality Group purchased this property from Butters Construction and Development for $2.2M with $2.86M debt with CenterState Bank of Florida. The property consists of a 2.81 acre portion of land and is currently proposed for a four story, 101 room hotel on the SEC of the site.
OFFICE
Vizzda tracked 12 office sales this week in South Florida
Office Park in Palm Beach Purchased for $15M
Douglas Pike Associates purchased this property from TA Realty on July 6th, 2016 for $15M. The property is a multi-tenant office in two buildings on 6.12 acres and is zoned CPD.
MULTIFAMILY
Vizzda tracked 2 new multifamily projects and 7 multifamily sales this week in South Florida
Apartment Complex in Miami Beach Sold for $2.94M
KP Kahunah Properties purchased this property on July 6th, 2016 for $2.94M from a seller entity tracing to IMAIM Capital. This purchase was financed through a new 15 year loan of $2.02M from US Century Bank. The property is 11-multifamily units in one 2-story building totaling 8,288 SF and zoned CD-2.
INDUSTRIAL
Vizzda tracked 13 industrial property sales this week in South Florida
Large Warehouse in Medley Sold for $7.3M
On June 30th, 2016, Gables Transport purchased this property from SeaFreight for $7.3M. This sale was funded by two new notes of $3.73M & $2.984M with City National Bank of Florida. The property consists of a 32,520 SF warehouse in one building on 6.18 acres and is zoned M-1.
RETAIL
Vizzda tracked 1 new retail project and 16 retail sales this week in South Florida
West Palm Beach Neighborhood Shopping Center Sold for $14.7M
Publix Super Markets purchased this property from Doron Valero on June 29th, 2016 for $14.7M, and assuming the seller's original debt of $8.2M with Deutsche Bank. The property totals 80,472 SF and consists of three buildings on 11.11 acres zoned RPD.
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