Pelican Bays LLC Acquires Office Property In Davie For $50M

An office property located at 4990 SW 52nd St in Davie has been sold for a total price of $50,000,000. The transaction took place on 07/12/2022 and involved a total square footage of 197,000. The property was sold by Charles Rowar, Trustee to Pelican Bays LLC. The sale price per square foot was calculated at $254.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $50,000,000
• Address: 4990 SW 52nd St, Davie
• Market: Davie
• Buyer: Pelican Bays LLC
• Seller: Charles Rowar, Trustee
• Brokers: Alan Levy & Josh Levy - Levy Realty Advisors
• Square Footage: 197,000
• Price Per Square Foot: $254

Alan Levy & Josh Levy from Levy Realty Advisors served as the brokers in this deal, representing both the buyer, Pelican Bays LLC, and the seller, Charles Rowar, Trustee. This transaction signifies a significant investment in the office market in Davie.