West Palm Beach office park sold for $8.8M
A West Palm Beach office park, Hollywood apartments and a Fort Lauderdale office building were all sold for less than $10 million.
West Palm Portfolio was sold by General Electric Credit Equities for $8.8 million. Grover & Corlew LLC bought the Metrocentre Corporate Park office with 105,000 square feet of space. The property was built in 1991, according to property records.
Two beachfront apartments, located at 5614 North Surf Road in Hollywood, was purchased for $7 million, or $3.5 million per unit. Seaside Hollywood North Beach LLC sold the 3,163-square-foot multifamily building (with two units constructed in 1953), on a 7,030-square-foot lot, to Seaside Village By Vintage Homes Inc., the Daily Business Review reported.
A Fort Lauderdale office building was sold for nearly $6 million. The building, Fort Lauderdale Offices, is located at 1100 West Commercial Boulevard. It was sold for about $167 per square foot. Universal Property & Casualty Insurance Co. bought the 35,818-square-foot office building from Commercial Station LLC. It was constructed in 1986, on 3.19 acres, and was last sold for $4 million in August 2000. [Daily Business Review] — Kristina Puga