A national marketing program by the local office of Encino, CA-based Marcus & Millichap Real Estate Investment Brokerage Co. pulled off the coup by finding Seattle-based South Florida Holdings. The west coast buyer paid $195 per sf or $600,000 more than Ireland had initially listed the property for.
Gary Glusman and Marc Strauss, senior agents in M&M's Fort Lauderdale office and directors of the firm's National Retail Group, brokered the transaction.
"The sellers received several offers during the marketing period, but selected this buyer based on his 1031 tax-deferred exchange situation," Strauss says in a prepared statement.
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