Miami, Florida; July 16, 2015 – PS Investments Holdings, LLC has purchased the property located at 9480 Southwest 77th Avenue, Miami, FL from Palmetto Place, LLC for $1,675,000. Built in 2000, the 5,450 square foot two story professional office building is located within the Downtown Dadeland/Pinecrest sub-market. The new owner plans to occupy the majority of the space with its specialty reverse mortgage business, “PS Financial Services.” The seller will remain as a tenant in the building, leasing space on the 2nd floor as a condition of the sale.
John C. Lonardo, CCIM of Sperry Van Ness Commercial Realty represented the Seller in the transaction.
About Sperry Van Ness:
Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 990 advisors in over 150 locations. Sperry Van Ness delivers results for clients through a proven business model that immediately markets every one of its clients’ properties to the entire brokerage community as well as its own investor data base. Based in Irvine, Calif., the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness represents clients in billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit www.svncr.com.