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JS Florida Ventures And HS Florida Ventures Acquire Office Asset From PEBB Enterprises For $11.93M

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SOLD
$11,930,000

Florida

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Office55,241 SF
Sold 12/17/2025
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Property Image
SOLD

JS Florida Ventures And HS Florida Ventures Acquire Office Asset From PEBB Enterprises For $11.93M

6400 North Andrews Avenue

See Similar Deals
Office55,241 SF
Sold 12/17/2025
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$216
Total Square Footage:55,241 SF
Transaction Type:Sale

6400 North Andrews Avenue is an office asset located in Fort Lauderdale, comprising 55,241 square feet. The property was sold for $11,930,000, equating to a price per square foot of $216. Situated in the Cypress Creek submarket, the property was 89% leased at the time of sale.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $11,930,000
  • Address: 6400 North Andrews Avenue
  • Market: Fort Lauderdale
  • Total Square Footage: 55,241
  • Price per Square Foot: $216
  • Buyer: JS Florida Ventures, LLC & HS Florida Ventures, LLC
  • Seller: Ian Weiner - PEBB Enterprises
  • Broker: Scott O'Donnell - Cushman & Wakefield

Ian Weiner, representing PEBB Enterprises, completed the sale after holding the asset for over 20 years, indicating strategic capital redeployment into new acquisitions. Scott O'Donnell from Cushman & Wakefield facilitated the transaction, evidencing continued investment activity in this important South Florida office corridor.

Players

Scott O'Donnell
32 deals$581M volume
BROKER

Cushman & Wakefield
BROKERAGE

Ian Weiner
PEBB Enterprises
23 deals$392.6M volume
SELLER

Details

SOLD
IMAGE: Scott O'Donnell & Ian Weiner DATE: 12/17/2025 ADDRESS: 6400 North Andrews Avenue MARKET: Fort Lauderdale ASSET TYPE: Office BUYER: JS Florida Ventures, LLC & HS Florida Ventures, LLC SELLER: Ian Weiner - PEBB Enterprises BROKER: Scott O'Donnell - Cushman & Wakefield (@CushWake) SALE PRICE: $11,930,000 SF: 55,241 ~ PPSF: $216 NOTE: PEBB Enterprises sold the 55,241-square-foot 6400 Building at 6400 N. Andrews Ave. in Fort Lauderdale’s Cypress Creek submarket for $11.93M to JS Florida Ventures, LLC & HS Florida Ventures, LLC. The 89%-leased office asset, held by PEBB for more than 20 years, underscores continued investment activity in a core South Florida office corridor as the firm redeploys capital into new acquisitions.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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