The sale was expected to close by August. However, the first contract holder did not close, so the sale took longer, according to Stephen Nostrand, director of mortgage and investment banking for Codina Realty Services Inc. Oncor International represented the court-appointed receiver for Blissco. The buyer was the next-highest bidder. In all, 14 offers were received.
Codina Realty Services is handling the leasing for the buyer, and Charles Treister of Beacon Realty Advisors Inc. represented the buyer.
The three other buildings in the portfolio were sold earlier this year. They are 300 Sevilla Ave, which sold for $4 million to the investment group OOOM LLC; 2121 S.W. 3rd Ave., which sold for $4.8 million to the Keyes Co.; and 2730 S.W. 3rd Ave., which sold for $3.5 million to the Roads Professional Center LLC.
The receiver for the U.S. District Court, Southern District of Florida, hired Codina Realty Services in the first quarter of this year to sell the buildings. The Court ordered the assets to be sold to return money to investors.
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