Tag Archive for: corporate park of coral springs

3900 Coral Ridge Drive

Tom Robertson and Michael Rauch and, Senior Managing Partners with Boca Raton-based Rauch Robertson Commercial Realty Advisors, negotiated the sale of an Ā±81,000-square-foot investment-grade industrial asset located within the Corporate Park of Coral Springs.

The deal closed June 30.

Rauch and Robertson represented the Seller, a Manhattan-based commercial real estate developer and investment group, in the sale of the property, which is located at 3900 Coral Ridge Drive in Coral Springs, Florida. Built in the 1970ā€™s by the Westinghouse Corporation, the property has been a multi-tenant facility and is currently occupied by a national medical manufacturing firm and a specialty glass manufacturer.

Elion Partners is a nationally recognized private investment firm with substantial holdings throughout Florida and the United States.

The property traded for $7,150,000 and is well-suited for light manufacturing uses. The building is situated on Ā±6 acres, is generator served and includes dock high loading.

“Industrial manufacturing facilities with large footprints are becoming harder to source in the South Florida market as high-cube distribution facility development continues to dominate,ā€ Rauch commented.

RRCRA is currently working with several buyers looking for 10,000 ā€“ 40,000 SF industrial buildings in Broward and Palm Beach County.

The brokerage company is also seeking leasing and investment sales professionals for its growing commercial real estate expansion in Miami-Dade, Broward and Palm Beach counties. Multiple positions are available within these and other Florida markets, which offer a unique ground floor career opportunity to work closely with the firms Founderā€™s Tom Robertson and Michael Rauch to move their vision for the RRCRA brand forward. Commission and benefits are commensurate with experience. A Florida Real Estate License and Commercial Real Estate experience are required. Only qualified candidates should apply by forwarding resumes to mail@crefloridapartners.com.