Marcus & Millichap arranges the sale of a 36,873-square foot office building for $5.2 million
POMPANO BEACH, FL, December 20, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Park Central, a 36,873-square foot office property located in Pompano Beach, FL. The asset sold for $5,200,000.
Douglas K. Mandel, senior managing director, and Tyler S. Kuhlman, associate, both investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, was also secured and represented by Mandel and Kuhlman. Marcus & Millichap Capital Corporation’s Eric Fixler, first vice president of capital markets, arranged financing for the buyer.
Park Central is located at 2100 Park Central Blvd N in Pompano Beach. The property includes two, single-story office buildings within a Class A, mixed -use park setting. The Park Central Business Park campus is a 976,119-square-foot mixed-use development, offering a combination of the area’s most usable office, flex and industrial space.