Americas Industrial Realty Corporation represented the buyer, FEC Service LLC on the sale of Callaway Park Business Center in Hialeah. The property is a 20-unit, multi-tenant commercial flex building, totaling 24,322 square feet.
Otten Realty represented the seller in the sale
The property was never brought to the open market, but was advertised to a small group of networked investors. The asset sold in just over 60 days.
The property, which closed on March 16, traded for $2,600,000.
Daniel Otten with Otten Realty stated, “This was a slightly complicated transaction but we were confident that the property would sell for a fair price. The property is a great asset and with the help of the buyers agent the transaction progressed quickly and easily.”
Otten Realty is based out of Broward County, specializing in acquisitions and dispositions of all types of commercial real estate.
