The seller of the property was Sam B. Nevel, trustee.
The financing was provided through a conduit lender at a 75% loan-to-value ratio. The interest rate is 5.85% fixed for 10 years, with a 30-year amortization.
Marcus & Millichap Capital Corp., a subsidiary of Encino, CA-based Marcus & Millichap Real Estate Investment Brokerage Co., arranged the financing for the buyer through Anthony Swainey with the firm's Fort Lauderdale office.
The building is located on 2.5 acres at the entrance to Embassy Lakes, an 1,800-home planned community, and was built in 2000.
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