Berger Commercial Realty/Corfac International Sales Associate Lawrence Oxenberg represented the seller, DAVIS & SON INC., in the sale of a portfolio of retail and land properties with mixed zoning, which includes 7,064 square feet of improved building space situated on 26,308 square feet of land, along with an additional 13,479 square feet of vacant commercial land located in Fort Lauderdale, Florida.
The Davis Plumbing portfolio includes properties at 1404 NE 4th Ave, 1408 NE 4th Ave and a land parcel at the NWC of NE 5th Ave & NE 14th Street.
The buyers, LC 4th Avenue, LLC, et al., which were represented by Steve Davis with SVN Commercial Realty, paid $2.5 million for the assets. The deal closed August 10.
“The well-located Davis Plumbing properties were pursued by multiple parties,” commented Oxenberg. “Being situated just north of E. Sunrise Blvd along NE 4th Avenue and leading into the heart of Wilton Manors, these mixed-zoned buildings and land parcel offered unique flexibility to the buyer, with both retail and multifamily zoning in place at the time of sale.”
About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada, and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.
