Downtown Fort Lauderdale Property Trades for $5M
- Apr 20, 2018
Berger Commercial Realty/CORFAC International facilitated the sale of a mixed-use property in downtown Fort Lauderdale, Fla., for $4.5 million. A partnership between Hudson Capital Group Principal Steve Hudson and Marker Construction Group Principals Grey and Peggy Marker acquired the asset from Thomas Miller, trustee of The Miller Family Trust.
Located on a 1.4-acre site at the corner of Federal Highway and S.E. 6th Street, the property consists of 25,000 square feet of office and retail buildings. Miller Construction Co., Thermae Retreat and other tenants currently occupy the property. Miller Construction will remain on the property under a sale-leaseback agreement.
“This is a very prominent and key corner on Federal Highway in close proximity to Las Olas Boulevard and the center of downtown Fort Lauderdale. The new owners will continue operating the property in its current form. There are no plans for any development of the property in the foreseeable future,” said Berger Commercial Realty/CORFAC International Senior Vice President Steve Hyatt, in prepared remarks.
Hyatt represented Hudson and Marker in the transaction, while Owen Duke of Edington Duke worked on behalf of the seller.
Image courtesy of Berger Commercial Realty