FORT LAUDERDALE, FL—Suburban office buildings are getting more traction in South Florida—especially at REO prices. Atrium West, a bank-owned office building in Sunrise, just traded for $4.8 million.
Located at 7771 West Oakland Park Boulevard, two-story office building spans 92,689-square-foot property. The sales price equals $51.79 per square foot.
“As a testament to both the buyer and seller’s commitment to completing this deal, the bank supported the buyer’s efforts during due diligence to firm up several of the near-term lease expirations,” CBRE senior vice president Scott O’Donnell, said in a statement. “This was instrumental in facilitating financing but would have also benefitted the seller had the transaction never closed.”
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