Vision Properties Acquires Office Building In Fort Lauderdale For $44.2M With Steelbridge Capital As Seller

Located at 5900 N. Andrews Avenue in Fort Lauderdale, this office building was recently sold in a transaction that closed on January 29, 2021. The property, measuring 201,000 square feet, was sold for a total price of $44,200,000, resulting in a price per square foot of $220. Vision Properties, represented by Fred Arena, purchased the office asset from Steelbridge Capital, represented by Gavin Campbell.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $44,200,000
• Address: 5900 N. Andrews Avenue
• Market: Fort Lauderdale
• Buyer: Vision Properties - Fred Arena
• Seller: Steelbridge Capital - Gavin Campbell
• Square Footage: 201,000
• Price per Square Foot: $220

The sale of 5900 N. Andrews Avenue in Fort Lauderdale was facilitated by Fred Arena from Vision Properties representing the buyer and Gavin Campbell from Steelbridge Capital representing the seller. This transaction marks a significant milestone in the office market in the area, with both parties involved in the deal demonstrating their expertise in navigating successful property transactions.