{"id":1004181543,"date":"2017-06-22T02:29:59","date_gmt":"2017-06-22T10:29:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004181543"},"modified":"2022-12-08T23:27:46","modified_gmt":"2022-12-09T07:27:46","slug":"broward-county-business-center-commands-13m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/","title":{"rendered":"Broward County Business Center Commands $13M"},"content":{"rendered":"

By Timea Papp<\/p>\n

\"Sunrise<\/a>

Sunrise Business Center in Sunrise, Fla.<\/p><\/div>\n

CBRE arranged the sale of Sunrise Business Center, a 124,487-square-foot office and warehouse complex in Sunrise, Fla. Elion Partners sold the multi-tenant property\u00a0to Cabot Properties for $13 million.<\/p>\n

Located at 5001-5035 N. Hiatus Road and 5000 NW 108th<\/sup> Ave. on an 8.22-acre site, the two attached industrial buildings <\/a>were completed in the mid-1980s. According to public records, the facility last traded in March 2015, when Elion Partners acquired it for $9.9 million.<\/p>\n

Recent Exterior Upgrades<\/h2>\n

Sunrise Business Center was 95 percent leased to nine tenants at the time of the sale. The previous owner invested in exterior renovations of the property shortly after purchasing it. CBRE\u2019s David Wigoda, senior vice president of office and industrial capital markets, worked on behalf of the seller in the transaction.<\/p>\n

\u201cAlthough it attracted many potential buyers, the challenge was finding a buyer that wanted the product type mix of smaller bay office and warehouse spaces and one larger distribution space. Cabot Properties saw value in how the product types complimented each other,\u201d<\/em> said Wigoda, in a prepared statement.<\/p>\n

Image courtesy of Elion Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The asset consists of two connected buildings mixing industrial and office spaces. The previous owner renovated the property after acquiring it in 2015.<\/p>\n","protected":false},"author":240,"featured_media":1004181544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1492,21742],"tags":[33920,32789,36333],"class_list":["post-1004181543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-miami","category-latest","tag-cabot-properties","tag-cbre","tag-elion-partners"],"acf":[],"yoast_head":"\nBroward County Business Center Commands $13M - 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\/broward-county-business-center-commands-13m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broward County Business Center Commands $13M\" \/>\n<meta property=\"og:description\" content=\"The asset consists of two connected buildings mixing industrial and office spaces. The previous owner renovated the property after acquiring it in 2015.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/\" \/>\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=\"2017-06-22T10:29:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T07:27:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Sunrise-Aerial_Blue-Sky_1400x700_acf_cropped.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"929\" \/>\n\t<meta property=\"og:image:height\" content=\"697\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/\",\"name\":\"Broward County Business Center Commands $13M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Sunrise-Aerial_Blue-Sky_1400x700_acf_cropped.jpg\",\"datePublished\":\"2017-06-22T10:29:59+00:00\",\"dateModified\":\"2022-12-09T07:27:46+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Sunrise-Aerial_Blue-Sky_1400x700_acf_cropped.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Sunrise-Aerial_Blue-Sky_1400x700_acf_cropped.jpg\",\"width\":929,\"height\":697,\"caption\":\"Sunrise Business Center\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/broward-county-business-center-commands-13m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Broward County Business Center Commands $13M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\",\"name\":\"Timea-Erika Papp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"caption\":\"Timea-Erika Papp\"},\"description\":\"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. 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