{"id":1004178641,"date":"2017-05-29T05:05:34","date_gmt":"2017-05-29T13:05:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004178641"},"modified":"2022-12-08T21:36:52","modified_gmt":"2022-12-09T05:36:52","slug":"fort-lauderdale-area-office-asset-trades-for-9m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-office-asset-trades-for-9m\/","title":{"rendered":"Fort Lauderdale-Area Office Asset Trades for $9M"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004178642\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/3091.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004178642\" data-attachment-id=\"1004178642\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-area-office-asset-trades-for-9m\/attachment\/3091\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/3091.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Executive University Courts in Lauderhill\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Executive University Courts in Lauderhill&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/3091.jpg?w=640\" class=\"wp-image-1004178642 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/3091.jpg\" alt=\"Executive University Courts in Lauderhill\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/3091.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/3091.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004178642\" class=\"wp-caption-text\">Executive University Courts in Lauderhill, Fla.<\/p><\/div>\n<p>Cushman &amp; Wakefield negotiated the sale of Executive University Courts, a 97,125-square-foot office campus in Lauderhill, Fla. The property commanded $9.3 million.<\/p>\n<p>The advisory team led by Managing Director Dominic Montazemi, Senior Associate Greg Miller and Executive Director Scott O\u2019Donnell represented the seller, Kas University LLC, an affiliate of Miami-based SF Partners. According to public records, MYP Executive LLC purchased the property, receiving nearly $7 million in <a href=\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/\">acquisition financing<\/a> from Atlantic Coastal Bank. \u00a0<\/p>\n<p>Located at 4300 N. University Drive in central Broward County, Executive University Courts comprises six two-story interconnected office buildings constructed in 1987. The property underwent upgrades in the past three years, which helped increase occupancy from 50 to 84.1 percent. Notable tenants include Strax Rejuvenation, Optimum Education Group and Authorized Recovery.<\/p>\n<p>The location provides visibility and easy access via Florida\u2019s Turnpike and Sawgrass Expressway. Yardi Matrix data shows that the property last traded in 2013, when SF Partners acquired Executive University Courts from Boxer Property for $5.3 million.<\/p>\n<p><em>\u201cThe property\u2019s visibility and above-average parking, as well as the strong population density in the immediate submarket, are tremendous demand drivers for potential tenants,\u201d<\/em> said Montazemi, in a prepared statement. <em>\u201cThe layout of the buildings also provides tenants direct access to their suites and an enhanced level of privacy,\u201d<\/em> he added.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield worked on behalf of the seller in the disposition of the campus. The deal included a $7 million acquisition loan.<\/p>\n","protected":false},"author":240,"featured_media":1004178642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,1492,21742,21747],"tags":[34896,35857,35858],"class_list":["post-1004178641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-miami","category-latest","category-office","tag-cushman-wakefield","tag-greg-miller","tag-scott-odonnell"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fort Lauderdale-Area Office Asset Trades for $9M - 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\/fort-lauderdale-area-office-asset-trades-for-9m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fort Lauderdale-Area Office Asset Trades for $9M\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield worked on behalf of the seller in the disposition of the campus. 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