A 61,660-square-foot warehouse located at 5200 NW 108th Avenue in Sunrise has been sold for $14.2 million. The property, classified as an industrial asset, was purchased by BF Aerospace. The seller of the warehouse was Chauvet Lighting. The transaction took place on April 27, 2023, and the sale price equates to a price per square foot of $230. The property is situated in the Sunrise market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $14,200,000
• Square Footage: 61,660
• PPSF: $230
• Address: 5200 NW 108th Avenue, Sunrise
• Market: Sunrise

Chauvet Lighting entrusted Tom Viscount of Avison Young as their representative in this transaction. Tom Viscount facilitated the sale on behalf of Chauvet Lighting. On the other side, BF Aerospace was represented by Amanda Montanez and Tom Capocefalo of Savills. The relocation and expansion of Chauvet Lighting within Broward County, South Florida, prompted the sale of their previous warehouse. Chauvet Lighting has now moved into the newly-built Davie Business Center building in Davie, which spans 225,580 square feet. Chauvet Lighting will be one of two tenants in the Davie Business Center.