(Crystal Proenza is associate editor of RealEstateFlorida.)
HOLLYWOOD, FL- Hollywood Warehouse Capital Partners LLC haspurchased an 81,100-sf warehouse portfolio, including sevensmall-bay warehouses in Hollywood and a Miramar warehouse/retailcenter, for $6.4 million. Marcus & Millichap investmentspecialist Ryan Nee of the Fort Lauderdale office represented theseller, W&W Properties LLC, and Marcus & Millichapassociate Greg Zeifman of the Miami office secured the buyer.
"The buyers, who had an existing presence in the immediatemarket, saw value in the fact that the investment was split intoseven different folios, thus providing flexibility for differentexit strategies. As the individual properties are stabilized tomarket rental rates, the buyers plan to sell off the folios touser/owners or small investors," says Zeifman.
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