Coconut Creek, FL – October 4, 2011 – (RealEstateRama) — CBRE brokers Scott O’Donnell, Dominic Montazemi, Marty Busekrus and Miguel Alcivar arranged the sale disposition of a 28,039-square-foot preschool facility to an off-shore investment group operating as MG3 Pre School LLC, on behalf of seller, Bount Warehouse LC.
The building, located at 5601 Regency Lakes Boulevard in Coconut Creek, is leased to Discovery Pre-School. Montazemi said of the purchase, “The majority of the equity represented Brazil-based investors looking for safe-harbor investments in the U.S. and to take advantage of the historically low dollar and opportunistic financing options.”
The property was purchased for $3,080,000. Supporting the purchasers’ motivations, the location at the intersection at State Road 7 and Holmberg/Hillsboro Road is in high demand. Tenant security is strengthened by the two-building facility’s educational activity-based construction features, such as an interior courtyard, classrooms, a cafeteria and swimming pool.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross (at) cbre (dot) com
Lauren Crawford
813.273.8482
lauren.crawford (at) cbre (dot) com
