Boca Raton, Florida – This evening we have NNN Commercial Real Estate news from the southeast portion of Florida. As we mentioned recently that there is still a growing demand for multifamily apartment buildings and triple net lease properties. We performed an Investment Property search in Florida for NNN Commercial Real Estate for sale.
We also had our eye on Apartment Buildings and Investment Properties in Broward County which houses Fort Lauderdale, Deerfield Beach, Sunrise, Weston and a suburb known as Coconut Creek. We saw a quality Apartment Building Complex sold for $53.1 million. The South Florida area has some of the most beautiful homes as well, such as at the site of Boca Raton Florida Property.
The Investment Property seller was the Laramar Group. The Laramar Group is in the commercial real estate market for unique investment properties. These NNN Commercial Real Estate Investors are opne to value-added properties in-order to maximize returns for their property investors. The Laramar Group is a privately held commercial real estate company with a passion for success. This commercial real estate company was co-founded in 1989 (known at that time as the Elkor Realty).
Commercial Property Investors Buying in Florida
The goal of this commercial real estate company is to stay focused, and service the needs of their NNN Property investors. Laramar Properties is known to target investment properties including multi-family apartment buildings, mixed-use properties and senior housing properties. They are able to increase the value through redevelopment, renovation, property management and repositioning. They have developed commercial Investment Properties that many people now call home.
The buyer of the Florida Commercial Real Estate development was Kennedy Associates. The buyer, Kennedy Associates is a Seattle-based commercial property investor. The Florida Investment Property is a 366 unit Apartment Building known as the Hillsboro Bay Club. The Florida Commercial Real Estate development is positioned in Coconut Creek, west of Fort Lauderdale.
Florida Investment Property Listings
This Florida Investment Property is a 24 building, multi-family complex that is approximately 414,112 square feet. This Investment Property was built in 1998 and sits on 45 acres in the Coconut Creek – Pompano Beach sub-market of Broward County. This Investment Property selling price equates to about $145,000 per unit. This Florida Commercial Real Estate development was an all cash deal. This type of property would have made an excellent Investment Property for a 1031 Exchange.
The Florida Commercial Investment Property is located at 3600 W. Hillsboro Boulevard. This Commercial Property development consists of 108 one-bedroom units, 160 two-bedroom units, and 98 three-bedroom apartment units.
These Units were approximately 95% net leased at the time of sale. The Commercial Investment Property seller had recently invested $1.7 million in property improvements, including a business center and state-of-the-art fitness center. The Investment Property community also features a comfortable clubhouse, sports courts, gorgeous pool and a relaxing spa.
For National specialists providing Triple Net Lease Properties and NNN Lease Investment Property for sale, contact Net Lease Properties Site. We also have a large number of qualified investors seeking to buy your single tenant medical facilities and single tenant net lease properties.
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