South Florida investor Moshe Popack just paid $9.3 million for six, two-story inter-connected office buildings in Lauderhill.
Cushman & Wakefield negotiated the sale of the 97,000-square-foot Executive University Courts at 4300 North University Drive for $96 per square foot to Popack’s MYP Executive, LLC.
Cushman & Wakefield’s Dominic Montazemi, Greg Miller and Scott O’Donnell represented the seller, Kas University LLC, a Coral Gables-based company, according to a release.
The entity bought the offices for $5.3 million in 2013, property records show. The office buildings were built in 1987.
Executive University Courts sits on a 5.9-acre site in central Broward County, and is 84.1 percent leased. Tenants include Strax Rejuvination, Optimum Education Group and Authorized Recovery, according to the release.
Also in Lauderhill, an 88-unit apartment complex sold for $7.5 million in August, or $85,227 per unit.
Earlier this month, an office building in Fort Lauderdale sold for $19.5 million, to development and real estate investment firm Greystar, which plans to build a high-rise rental tower.