Robert Shub Acquires University Office Park In Davie Florida For $12.25 Million With Moshe Biton As Buyer's Representative

The property asset involved in this transaction is University Office Park, located at 5400 South University Drive, Davie, FL. The sale was completed for $12,250,000, encompassing approximately 55,400 square feet of office space. The asset is situated on over 8 acres and was nearly fully occupied at the time of closing.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,250,000
• Address: 5400 South University Drive
• Market: Davie
• Square Footage: 55,400
• Price Per Square Foot: $221
• Buyer: Robert Shub
• Seller: Alejandro Silberstein
• Buyer's Representative: Moshe Biton - Capital Group Realty
• Occupancy Rate: ~97%
• Number of Tenants: 31
• Land Area: Over 8 acres

This transaction was facilitated by Moshe Biton representing the buyer, Robert Shub, and reflects the ongoing demand for well-located office assets in South Florida. The property features a diversified tenant mix with stable income and below-market rents, presenting a clear upside opportunity.