The property involved is a 77,000-square-foot distribution warehouse building located at 3600 N. 29th Avenue in Hollywood, FL. The transaction closed on June 9 for a total price of $9,075,000, amounting to $118 per square foot. The warehouse includes a 2,200-square-foot office/showroom, 11 docks, 2 ramps, and a sprinkler system. It is situated on a 3.5-acre lot, providing ample parking and space for trucks/trailers. The property's location on the west side of North 29th Ave. in Hollywood offers excellent visibility and access to major highways, only minutes away from Fort Lauderdale/Hollywood International Airport and Port Everglades.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $9,075,000.00
• Market: Hollywood
• Buyer's Representative: Patrick Conness - Conness Crissy Realty
• Buyer: Modern Miami Furniture
• Seller: Unknown
• Square Footage: 77,000

Conness Crissy Realty's Pat Conness represented Modern Miami Furniture in the acquisition of the warehouse property. Besides this transaction, Modern Miami Furniture also owns a showroom at 2050 SW 30th Avenue in Pembroke Park. The showroom is a 29,000-square-foot property with over 200 feet of frontage along I-95. Notably, back in 2012, Conness was involved in the purchase of this showroom property, representing the former owner, City Furniture. Through close communication with Modern Miami Furniture over nearly a decade, Conness enabled the client to expand its presence in South Florida significantly. The acquisition of the warehouse building tripled the client's space compared to their leased premises, allowing for future growth. The Seller was represented by Esti Kadosh of Coldwell Banker Commercial.