Lee & Associates South Florida Announces Sale Of Industrial Investment Property in Hollywood, FL
Lee & Associates South Florida, the largest agent-owned national commercial real estate firms that has recently expanded into South Florida, proudly announces the closing of a freestanding industrial investment property located at 6241 Pembroke Road in Hollywood, FL.
Lee & Associates South Florida Senior Vice President Ivelisse Meneses represented the buyer, YESYM, LLC, for its second purchase in recent months in this submarket. Brokers, LLC represented the Seller, Figura Perfecta Corp.
6241 Pembroke Rd is located in the heart of Hollywood, FL and consists of approximately 4,223 SF of retail space with over 100 ft. frontage along Pembroke Rd. Purchased as an industrial investment property, it sold fully occupied with two tenants in place paying below market rents allowing upside for investor. The property closed with no financing at $450,000. Current income dictates a 7% return for investor while holding a well-located asset.