August 27, 2020
SRS Actual Property Companions’ Nationwide Web Lease Group has organized the $21 million sale of a five-property, single-tenant restaurant portfolio occupied by Pollo Tropical. The properties are positioned within the south Florida cities of Pembroke Pines, Doral, Coral Springs, and Weston.
The 5 properties had been offered to particular person non-public consumers over the previous a number of months with the ultimate sale occurring prior to now week. The gross sales costs ranged from $three.four million to $four.7 million.
SRS Nationwide Web Lease Group’s Government Vice President Patrick Nutt, together with Jonathan Hipp of Avison Younger, represented the sellers, two institutional actual property funding teams. The person consumers had been all non-public traders seeking to purchase internet lease property in South Florida.
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SRS Actual Property Arranges $21M Sale of South Florida Retail Portfolio