Andy Mak Sells Dev. Site - Office In Two Bridges To Undisclosed Buyer For $5.2M

Located in the Two Bridges neighborhood, this development site at 15 Catherine Street offers a prime opportunity for office space. The property consists of seven commercial units and one retail unit, making it an ideal choice for businesses looking to establish a presence in the area. With a zoning designation of C6-1G, this property provides flexibility for a variety of uses. The site was sold on May 6, 2021.

Summary of transaction details

• Property Type: Development Site - Office 🏗 (7 Comm. Units & 1 Retail Unit)
• Address: 15 Catherine Street
• Market: Two Bridges
• Zoning: C6-1G
• Buyer: Confidential

The seller, Andy Mak, was represented by Joe Genovese from Lee Odell Real Estate, Inc. and Bryan Hurley from ushWake. On the buyer's side, David Baker acted as the representative. The asking price for this property was $6,350,000, but it was ultimately sold for $5,200,000.

The total building square footage (BSF) for this development site is 18,450. The price per BSF (PPBSF) stands at $281, providing a favorable investment opportunity for the buyer.