MVW Investment Group LLC Acquires Office Building In Fort Lauderdale For $2.8M

An 8,551-square-foot office building located at 533 Northeast 13th Street in Fort Lauderdale, FL, was acquired by MVW Investment Group LLC for $2,798,000, translating to approximately $327 per square foot. The property sits on a 0.33-acre lot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,798,000
• Address: 533 Northeast 13th Street, Fort Lauderdale, FL
• Asset Size: 8,551 square feet
• Price per Square Foot: $327
• Seller: 533 NE 13 Street, LLC
• Buyer: MVW Investment Group LLC
• Lender: Locality Bank
• Broker: Jaime Sturgis - Native Realty

The acquisition was financed with $4.61 million in debt from Locality Bank. Jaime Sturgis of Native Realty served as the representative for the seller in this transaction.