Sefira Capital LLC Acquires Property At 1040 Weston Rd Fort Lauderdale For $13M With Broker Amy Julian

The sale involved two office buildings located in Weston, Florida, with a collective transaction price of $13,000,000. The properties encompass a total square footage of 62,000, including the Chase Bank Building at 1040 Weston Road and the Weston Commerce Center at 1625 North Commerce Parkway. The transaction price translates to approximately $209 per square foot.

Summary of transaction details:

• Property Type: Office Portfolio
• Transaction Amount: $13,000,000.00
• Buyer: Sefira Capital LLC
• Seller: Realty Associates Fund X LP
• Buyer's Representative: Amy Julian (CBRE)
• Leasing Agents: Alfie Hamilton and Caitlin Inklebarger (Colliers International)
• Broker Representatives for Sellers: David Duckworth, John Crotty, and Michael Fay (Avison Young)
• Loan Amount: $9,200,000 from BankUnited
• Tenant Composition: Includes Chase Bank and various medical offices
• Building Occupancy Rate: 90 percent leased

Highline Real Estate Capital partnered with Sefira Capital LLC to acquire the properties, which exhibited a strong leasing profile with a reported vacancy rate of 2 percent in the Weston office market. The Chase Bank Building was previously sold for $6.88 million in 2008, while the Weston Commerce Center was acquired by TA Realty for $8.4 million during the same year.