MIAMI—Sometimes deals seem straightforward until you are faced with obstacles in the middle of the process. Such is the case with the sale of an office building in Spectrum Office Park in Fort Lauderdale, FL.

CBRE arranged the sale of a 72,718-square-foot office building that sits on 5.97 acres in the office park. Located at 1801 West Spectrum Boulevard, Flotrix acquired the office building, which Citrix Systems currently occupies, for $8.48 million. CBRE represented the seller.

“While on the surface this appeared to be a simple transaction, in reality it was a complex execution due to the short-term nature of the lease to Citrix,” says Dominic Montazemi, first vice president of CBRE Investment Properties. “Ultimately, we were able to identify a buyer who brought deep experience and resources with the ability to transact on an all-cash basis, removing many challenges most other investors would face with traditional financing.”