Franklin Street Arranges Sale of North Miami Apartment Community for $2.393M

March 27, 2015

Franklin Street announces the sale of a 36-unit apartment building in North Miami, Fla. for $2.393 million, representing $115 per square foot. The complex was 100 percent leased at the time of the sale.

North Miami Still Winning MF Investors

MIAMI—Smaller multifamily properties continue seeing traction with investors looking for a safe place to park their money in growth-oriented South Florida. The latest to trade hands is Continental West Apartments. Franklin Street’s Deme Mekras, Elliot Shainberg, and David Reinke represented the seller and buyer, both local investors, on the sale of a 36-unit multifamily building…

Former Jaguars QB signs lease for first Retro Fitness location in Jacksonville

 Former Jacksonville Jaguars quarterback David Garrard has signed a deal for the first Jacksonville location of his fitness franchise, Retro Fitness. Retro Fitness will open in four to six months in a 12,000-square-foot space in Harbour Village, a Fresh Market-anchored shopping center on Atlantic Boulevard in Queens Harbour. Carrie Smith, regional managing director of Franklin…

Net Lease Investors Veer Off the Conventional Path

Fitness centers, education facilities and specialty medical buildings that emerged as alternative net lease assets a few years ago are showing up in more property portfolios as investors hunt for yield in an increasingly crowded conventional net lease market.

Franklin Street Brokers $2M Sale of Apartment Community

Franklin Street Real Estate Services has arranged the $2 million sale of Jackson Place Apartments, a 50-unit apartment complex in Commerce, to Archer Properties. The property, located at 122 Victoria Way, includes two-bedroom and two-bathroom units with individual HVAC systems.