Dolan and Hyatt represented Waterfall Victoria Mortgage Trust 2010-SBCI REO, LLC in the sale of a 7,286-square-foot office building, located at 760 East McNab Rd. in Pompano Beach, to MJ Florida Investments, Inc. for $555,000. The renovated building will be leased as office space.
Additionally, Hyatt represented GSPI, LLC in the sale of the former DaVita Dialysis Center, a 6,300-square-foot office building, located at 1305 East Atlantic Blvd. in Pompano Beach, to KMC Holdings, LLC for $525,000. The property will be utilized as medical office space.
“There is strong demand in the market for owner/user-type buildings of less than 10,000 square feet,” said Berger Commercial Realty Senior Vice President Steve Hyatt. “Sellers have gotten more realistic in their pricing expectations and buyers are taking advantage of historic low financing rates for owner-occupied buildings. In addition, these types of buildings are being acquired at almost the half to cost to build new ones.”