Mikhail Galkin Buys Retail Asset In Fort Lauderdale For $1.2M With SVN Reps

The retail property located at 830-890 Southwest 27th Avenue in Fort Lauderdale was sold for $1,200,000. Spanning 8,264 square feet, the property was purchased by Mikhail Galkin from seller Donald Purcell. The sale price per square foot was $145, and the transaction was facilitated by brokers Elon Gerberg, Cleveland Sainpreux, and Adam H. Klein from SVN Commercial Partners.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $1,200,000
• Address: 830-890 Southwest 27th Avenue
• Market: Fort Lauderdale
• Buyer: Mikhail Galkin
• Seller: Donald Purcell
• Brokers: Elon Gerberg, Cleveland Sainpreux, Adam H. Klein - SVN
• Square Footage: 8,264
• Price per Square Foot: $145

Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein played integral roles in the transaction, representing both the buyer and the seller. The property spent 22 days on the market before being acquired by Mikhail Galkin in a swift 34-day transaction. Notably, due to ongoing environmental remediation, traditional financing options were not viable for this sale.