Beachler Capital Corp & Asta Parking Acquire Fort Lauderdale Marina Mar Building For $12M

Fort Lauderdale's Marina Mar Building and adjacent parking lot, located at 3100 East Oakland Park Boulevard, has been acquired in a closed transaction. The property encompasses an area of approximately 1 acre. The sale price for this transaction was $12,000,000.

Summary of transaction details

• Property Type: Marina
• Transaction Amount: $12,000,000
• Address: 3100 East Oakland Park Boulevard
• Market: Fort Lauderdale
• Buyer: Andrew Beachler - Beachler Capital Corp; Kash Patel & Peter Bostrom - Asta Parking
• Seller: James Powers
• Buyer's Representative: James Govin - Hermann & Govin
• Seller's Representative: Paul E. Raymond - Macfarlane Ferguson & McMullen

In this transaction, the Marina Mar Building and the adjacent parking lot were purchased for $12 million. Andrew Beachler, the President of Beachler Capital Corp., partnered with Kash Patel and Peter Bostrom from Asta Parking to acquire the properties. The deal also involved $2 million in seller financing provided by James Powers' entity. Notably, James Powers initially bought these properties for $900,000 in 2011.