Ft. Lauderdale, FL: ComReal Miami-Coral Gables’ Commercial Advisor, Gavin Winston is responsible for the sale of the Beach & Patio Furniture Warehouse located at 921 NW 8th Avenue in Ft. Lauderdale for the sale price of $1,424,950. The buyer is Alan Grosman who bought the property from Hector and Diane Moya, owners of Beach & Patio Furniture since they purchased it in 2007.
After successfully operating the business for nearly 15 years, the Moyas made the decision to sell the company, which was founded in 1961, as well as the warehouse on NW 8th Avenue. ComReal Miami handled the sale of the real estate while the business was sold to a competitor. The buyer of the warehouse intends to occupy the building upon closing.
The property is 7,888 square feet of warehouse space with 25’ ceilings. It is located in the Sistrunk District in Fort Lauderdale. The warehouse property benefits from a central location and convenient access to both the Brightline Station and the I-95 expressway. With a sale price of $1,424,950, the cost comes to approximately $180 per square foot.
In response to the high price-per-square-foot for the warehouse, Gavin Winston, Commercial Advisor for ComReal Miami-Coral Gables said, “The Sistrunk District is an exciting market with lots of upside potential as development continues west from downtown Fort Lauderdale.”
About the ComReal Miami-Coral Gables Team: ComReaI was founded in South Florida in 1979. Today, ComReaI continues to lead the commercial real estate profession by servicing all facets of the real estate industry, working with local companies with single requirements to national and international firms with large real estate portfolios and complex transactional needs. The company offers expertise in a wide spectrum of commercial real estate transactions including leasing, purchase and sale, investment acquisition and disposition, and related components of business ownership and tenancy. Our real estate professionals offer best-in-class services to all clients in a clear and unambiguous fashion. For more information on ComReal, visit www.comreal.com and/or email email@example.com.
Gavin Winston, Commercial Advisor
ComReal Miami-Coral Gables Team