JS Florida Ventures And HS Florida Ventures Acquire Office Asset From PEBB Enterprises For $11.93M
Florida
See Similar DealsJS Florida Ventures And HS Florida Ventures Acquire Office Asset From PEBB Enterprises For $11.93M
6400 North Andrews Avenue
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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.
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