Representative Sales

Below is a sampling of my representative sales. More often than not I’m confined by Non Disclosure Agreements. This sampling will allow you to see some of the work I’ve done, but is not all encompassing.

1410 NE 163rd St North Miami Beach

Represented Landlord 9,875 Square Feet Leased

Property fronts on 163rd Street in North Miami, very high traffic counts. Grade level door in the rear with ample parking in a lot behind the building. This was a uniform store previously. The challenges were outdated interior along with columns throughout the space. Successfully Leased the space with minimal cost the the Landlord, with the Tenant agreeing to cover most buildout costs.

626-636 NE 1st Avenue Fort Lauderdale

Represented Buyer 27,000 Square Feet of Land

At the time of purchase these were 3 contiguous lots in the heart of Fort Lauderdale’s Flagler Village. I worked with the Buyers through City Hearings, zoning variances, and conceptual plan reviews. The result was an approval for 99 units spread out over 12 floors. It ended up being an absolute home run deal for the Buyers I represented.

533 NE 3rd Avenue Fort Lauderdale

Represented Seller on the Sale of his Portfolio which was a mix of Residential and Commercial holdings

This was a great assignment. During the Downturn my Seller had acquired several residential units along with some of the ground floor retail space in this building. The Seller made the decision to start unwinding the portfolio which resulted in record price per square foot values on the commercial units, and the high water mark for a sale of a 3 bedroom residential unit within the building. I have worked with several clients either building, or exiting portfolio’s, it’s one of my favorite type of assignments to work on.

30964 Overseas Highway Big Pine Key

Represented Purchaser on the sale of 1,600 square feet on a lot of 20,844 square feet

My Buyer was looking for something in the Keys that was going to be a renovation project. What he was looking for was something that was being underutilized. I was able to locate a building that was being used as a construction office. It was a terrible misuse as the property is grandfathered in for drive through usage. If you know anything about zoning in the Keys, drive through approvals are not something given out regularly, if at all. My Client immediately understood the value. In the time since he’s owed the property we have had multiple requests from National Tenants looking to Lease the building.

1349 Main Street Chipley FL

Represented Purchaser on the Sale of 3,934 square feet on a 1.1 Acre lot

A Real Estate Investment Trust was disposing of this property. Their representative contacted me because I had previously worked on a portfolio disposition with them. I liked the potential the Property had so I contacted a private equity fund I represent. We rough sketched some conceptual plans and thought the Property had tremendous potential. I really like the potential the Panhandle has. There are a number of well located properties that are begging for reuse, this was absolutely one of those diamonds in the rough.

4228 Sebring Parkway Sebring FL

Represented Purchaser on the Sale of 4,840 square feet in a Publix outparcel

1881 NE 26th St Fort Lauderdale, FL

Represented Purchaser on the Sale of 31,225 square feet on a lot that is over 50,000 square feet.

Ruby Tuesday’s was shuttering some locations in Florida. I was shown the portfolio by an asset manager, and thought this would be a really good adaptive reuse project. My thought was that the kitchen could be kept in place, and a demising wall added. That would allow a smaller QSR Tenant to take half the building, and a Retail Tenant to take the other half. You can consider this a tertiary area, so you do have to be careful when doing site selection. That concern is somewhat muted when you’re part of a Publix Plaza on a lot of just over 25,000 square feet, and you acquire the property for 33% below what the previous owner paid.

Wilton Plaza is a mixed use building. There are professional offices on the second floor, and retail on the first floor. I brought the Buyer to this building to tour for a few reasons. The first was the sheer size of the lot is hard to find in Wilton Manors. There was ample parking, something that’s often a struggle to find. The small offices in the second floor were filled and had a waiting list, but the ground floor retail was priced far below market. The upside was that the Buyer was able to purchase with a very stable cash flow in place, with the knowledge that as ground floor Tenants moved out, we would be able to move higher paying ones in.

2275 NE 12th Street Pompano Beach

Represented Purchaser on 32 units 18,760 square feet of living area

924 Marseille Drive Miami Beach

Represented Purchaser on 17 units 11,475 square feet of living area

The original intent of this deal was a value add play. Rents were well below market, and the building needed updating to bring it inline with area rentals. The property was purchased fully stabilized and cash flowing at an attractive cap rate. During negotiations on the two sister buildings which were made up of 20 units, I was able to engage the owner on the rear side of the buildings as well and add an additional 12 units into the deal. It was the right fit for the Sellers and my Buyer. The deal was completed at a very favorable cap rate and price per door, which was my clients main goal.

611 NE 4th Ave Fort Lauderdale

Represented Sellers

A three story building, located close to the beach, in an area with high rental demand. This was one of my favorite deals I’ve ever worked on from a real estate perspective. I was drawn to it not only for the short term upside, but the long term fundamentals of North Beach. The previous owner had Leased roughly half the building, and renovated a handful of the units. My Buyers purchased with a fair amount of risk and speculation. They put a fair amount of work into the building and stabilized the rent roll bringing it up to full capacity. On a price per square foot basis this deal was an absolute home run.

6910-6920 Byron Avenue Miami Beach

Represented Buyers on 24 units 16,644 square feet of living area

This was part of an assemblage that ran from the corner of 6th Street and 3rd Avenue on the north side, part of the way up the block towards NE 7th Street. Originally I represented the Seller of the corner lot, then added in 611 NE 4th and the neighbor to the north. The three lots were then sold off as part of a larger assemblage.

These properties were sourced off market from a special servicer who was charged with liquidating the properties. Though the buildings were occupied, there were no rent paying Tenants. There were multiple code violations, and the buildings were being devalued each day by vandalism. This was a very tough deal when you looked at it because you had to estimate repair costs, eviction costs, and costs of curing the code violations. In the end I was able to get the Buyers a really great price on the buildings, which they have gone on to fully renovate and stabilize.

5401 Hwy 98, Panama City

Represented Buyer on the sale of 4,780 square feet on 37,069 square feet of land

This building was purchased Vacant. There is income from the billboard on the lot, but aside from that there was no cash flow. The site is incredibly attractive due to the traffic counts which surround it on both sides, and the fact you can enter the Property from two main roads. What makes the site so attractive was that it had the possibility for a drive through window, though it’s former use was as a bar. I work on a lot of projects like this where I represent Buyers who can see the vision of a property, and understand when they’re looking at something that is being misused. That was the case here. Just a great reuse project.

8216-8224 Harding Ave Miami Beach

Represented Purchaser of 12 units 6,829 square feet of living space

This was purchased as a cash flowing deal, but that wasn’t the underlying reason for the purchase. These buildings sit on a lot of 11,000 square feet, though the asking price of the structures was below the land value. This is a hard things to find, but not totally uncommon. When you can find deals like that they’re really something to explore. So while this deal isn’t something a lot of Buyers would have taken on from a cap rate perspective, it was very attractive as a land bank. I really like land bank deals, I’ve done a number of them and continue to do so.