Iris Products, LLC has successfully acquired the industrial property located at 10 SW 23rd Street in Fort Lauderdale, Florida from 10 SW 23rd Street, LLC. for the purchase price of $3,740,123.
The transaction closed September 19.
This transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Jonathan Thiel, Sales Associate Daniel Forman, Senior Vice President Keith R. Graves, CCIM, SIOR, and Vice President Lawrence Oxenberg, who represented the Seller, while Mohamed Farag with LoKation Real Estate represented the Buyer.
“This off-market sale was uniquely timed, allowing both parties to capitalize on the opportunity,” commented Christopher Mayor, Principal with 10 SW 23rd Street, LLC.
The property, which encompasses a total of 13,400 square feet across two buildings, is currently home to multiple industrial tenants. As part of this owner-user sale, Iris Products, LLC plans to continue occupying a portion of the facility, ensuring the property remains a hub for industrial activity in the area.
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.
