{"id":1004120943,"date":"2015-06-12T06:09:05","date_gmt":"2015-06-12T14:09:05","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=352456"},"modified":"2022-12-13T00:04:25","modified_gmt":"2022-12-13T08:04:25","slug":"flex-industrial-property-fetches-high-figure-of-134-psf","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/flex-industrial-property-fetches-high-figure-of-134-psf\/","title":{"rendered":"Flex-Industrial Commands High Figure"},"content":{"rendered":"

\"\"<\/a><\/p>\n

A flex-industrial building on the western edge of the city of Sunrise was sold recently for what the broker described as a high watermark price for this property type in 2015.<\/p>\n

Morris Southeast Group,\u00a0the only broker involved in the transaction, announced the sale worth $6.02 million. The seller in the deal was MPSS LLC and the buyer is an owner\/occupier, OT Investments LLC. The price translates into just under $134 per-square-foot for the 45,000 square-foot building.<\/p>\n

Based on data from Property Shark, the median price-per-square-foot in the immediate vicinity of the property is $135 in the first half of 2015. The 3.7-acre site is located 700 Sawgrass Corporate Parkway on the northwest quadrant of I-595\u2019s intersection with Sawgrass Expressway\/I-75. Due to its direct access to these main arteries, the area has excellent connection to Fort Lauderdale and Miami as well as to the state\u2019s western coastline and the Central Florida region.<\/p>\n

According to Property Shark, the property was built in 2002, and the broker\u2019s press release said that it was constructed for the first tenant, Martin Professional, a lighting design and manufacturing company based in Denmark. The company occupied the building until a recent downsizing following its late-2012 merger with Harman Industries. \u00a0The property includes a mix of offices, showroom space, reception area and light assembly.<\/p>\n

Photo credits: Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A flex-industrial building in Miami has sold for what the broker defined as the high watermark price for this property type in 2015. <\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1492],"tags":[1815],"class_list":["post-1004120943","post","type-post","status-publish","format-standard","hentry","category-miami","tag-national"],"acf":[],"yoast_head":"\nFlex-Industrial Commands High Figure - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/flex-industrial-property-fetches-high-figure-of-134-psf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flex-Industrial Commands High Figure\" \/>\n<meta property=\"og:description\" content=\"A flex-industrial building in Miami has sold for what the broker defined as the high watermark price for this property type in 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/flex-industrial-property-fetches-high-figure-of-134-psf\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-12T14:09:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T08:04:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/700-Sawgrass-Corporate-Parkway-sunrise-fl.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/flex-industrial-property-fetches-high-figure-of-134-psf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/flex-industrial-property-fetches-high-figure-of-134-psf\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"Flex-Industrial Commands High Figure\",\"datePublished\":\"2015-06-12T14:09:05+00:00\",\"dateModified\":\"2022-12-13T08:04:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/flex-industrial-property-fetches-high-figure-of-134-psf\\\/\"},\"wordCount\":222,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/flex-industrial-property-fetches-high-figure-of-134-psf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/700-Sawgrass-Corporate-Parkway-sunrise-fl.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Miami\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/flex-industrial-property-fetches-high-figure-of-134-psf\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/flex-industrial-property-fetches-high-figure-of-134-psf\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/flex-industrial-property-fetches-high-figure-of-134-psf\\\/\",\"name\":\"Flex-Industrial Commands High Figure - 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