County Square Shopping Center is conveniently located next to County Line Rd of Miami Dade and Broward County. County Square Shopping Center has great exposure and is placed directly on 441 in Miami Gardens. High traffic count and close proximity to I-95, Florida's Turnpike, Palmeto Expressway and Turnpike Homestead Extension.
Space Available 800 - 7,800 SFRental Rate Yr $17 - 21 /SF/YrSpaces 4Gross Leasable Area 153,000 SFProperty Sub-type Community CenterStatus Active
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Contact Emile Ur-cousin Farah
phone: (305) 754-1000
Email: farah@theworldforsale.net
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This portfolio package consists of 18 residential units. The units are centrally located in the Miami-Dade and Broward County areas. The portfolio is being sold collectively with a Transferable Mortgage debt: $3,175,125.00. This portfolio consist of 11 duplexes, 2 Fourplex, 2 triplex and 3 single family homes totally 45 units. The rental portfolio has 54% section 8 tenant occupancy at market value .The Portfolio presents investors the opportunity to invest into 19 properties with separate folios above average cash flow beginning on day one of purchasing. Most of all the properties have received numerous major capital improvements and are being delivered turn-key. Portfolio is currently running at a 91% Occupancy with the ability to increase the rental income on the some of the properties to market rents.
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Oakland Park, FL 33309 - Oakland Park MF Submarket
94,178 SF Class C Apartments Building Built in 1976 Property is for sale at $15,135,000 ($160.71/SF)
The Oasis is a 141-unit apartment (140 legal units) community located in the city of Oakland Park, which is in Broward County, Florida. Oakland Park is a city of 8.6 square miles that is located in central Broward County and has a population of approximately...
While Broward County might not have the same glitz and glamour of its southern cousin Miami-Dade, the county had plenty of big-ticket commercial deals last year that racked up millions.
The Real Deal analyzed data from the CoStar group, an information company, to compile a list of Broward’s biggest commercial buyers during 2015.
#1 Prologis – $407.5 millionPrologis, one of the country’s biggest industrial real estate firms, racked up more pricey property purchases in Broward than any other company.The company sank a total of $407.5 million into 23 properties spread throughout the county, mostly concentrated in Hollywood and Fort Lauderdale.What helped push Prologis to the top this year was its $820 million acquisition of a 21-property portfolio from Morris Realty Associates. Three of those properties were located in Broward, totaling about $69.4 million.
#2 Starwood Capital Group – $281.9 millionSecond on the list was investment firm Starwood Capital Group, headquartered in the wealthy enclave of Greenwich, Connecticut.The firm put $281.9 million down on 13 properties in Broward, most of which were office buildings located in Fort Lauderdale business parks.Not to be outdone, Starwood also closed on a massive commercial sale last year. The investment firm was one of three buyers that paid $1.1 billion for Duke Realty’s portfolio of 62 properties in the Southeastern United States.Among those properties were eight office buildings in Fort Lauderdale and one in Pompano Beach, which made up the bulk of Starwood’s investment total for Broward County last year. Together, they totaled almost $180 million worth of properties.
#3 Norges Bank – $272.3 millionClose behind Starwood was the Norwegian central bank, which had a serious hankering for South Florida real estate last year.Norges Bank assembled $272.3 million worth of Broward County commercial properties during 2015, landing it in third place for the year’s list of biggest buyers.Those purchases were spread out over 13 properties between Fort Lauderdale, Hollywood, Pompano Beach, Hallandale and Dania Beach.All 13 were purchased in a joint-venture with Prologis — our No. 1 contender — as part of the $5.9 billion acquisition of KTR Capital Partners’ portfolio of 322 distribution properties throughout the U.S.Norges Bank is one of many foreign sovereign wealth funds picking up big chunks of U.S. real estate.
#4 TIAA-CREF – $238.8 millionTIAA-CREF is a Fortune 100 company that provides pensions for teachers and other professionals. It’s also one of the country’s largest real estate investment companies, and holds the No. 4 spot on the list of Broward’s biggest commercial buyers.The company spent $238.8 million on Broward County properties last year. The interesting part? That was split between just two purchases.In the first deal, the financial giant picked up Orlando-based Zom’s Casa Palma apartment complex in unincorporated Broward for nearly $90 million.Next, TIAA-CREF paid the Related Group an incredible $149 million for its Manor at Flagler Village apartment project in Fort Lauderdale.
#5 Global Logistics Properties – $187.7 millionLast but certainly not least is Chicago-based Global Logistics Properties, a multinational real estate firm that specializes in — you guessed it — logistics properties.Last year, GLP put down an impressive $187.7 million for 11 Broward County properties, all but one of which was located in Fort Lauderdale.The commercial giant continued this list’s trend of massive portfolio deals with its purchase an Industrial Income Trust assemblage in a deal valued at $4.55 billion.In Broward, that portfolio’s biggest piece was Sunrise Distribution Center in Fort Lauderdale. It alone fetched $43.8 million.
A 63-unit apartment building in the Venetian Isles area of Hollywood has traded hands for $7.2 million.
Jacob El-Harar sold the building at 5230 Hollywood Boulevard to Burke Leighton Asset Management, Emile Farah, CEO of the Farah Group, told The Real Deal. Farah, as well as Jean Kelly and Zena Bardawell of the Farah Group, represented both sides of the transaction.
ew York-based Burke Leighton is a private equity investment company that owns and manages residential and commercial real estate properties, according to its website.
“The buyer is going to keep it as an income producing property,” Farah told TRD. “It’s a beautiful building. It is well kept and it has been totally remodeled and is almost fully leased.”
Farah said Burke Leighton financed the deal with $4.7 million in commercial mortgage backed securities (CMBS) financing, from a group led Miami Beach-based LNR Property that also included Berkadia and KeyBank. “Those loans are not easy to get approved, but our client, the buyer, was approved immediately,” Farah said.
Broward County property records show the building was last purchased in July 2012 for $4.05 million.
The Family Central building is located at the corner of Kimberly Boulevard and Southwest 81st Avenue in North Lauderdale, Florida. The four-story office building totals 55,078 SF and is situated on 3.49 acres of land. Zoned B-2 in North Lauderdale, the building can be used for general office, medical or dental.
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