Tom Robertson and Michael Rauch and, Senior Managing Partners with Boca Raton-based Rauch Robertson Commercial Realty Advisors, negotiated the sale of an ±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 1970’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 ±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,” Rauch commented.
RRCRA is currently working with several buyers looking for 10,000 – 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 Founder’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 firstname.lastname@example.org.