NKF Capital Markets announced the $12 million sale of the AT&T net lease office building in Plantation to Fifteen Group Capital LLC.
The 130,549-square-foot, single-tenant building has been a headquarter location for a subsidiary of AT&T, Bellsouth Telecommunications Inc., since the building was constructed in 1985.
NKF Executive Managing Director Michael Lapointe and Managing Director Michael Lohmannrepresented the owner, FT-Florida Property LLC, along with Brian Bartlett and John Richardsonfrom Newmark Phoenix Realty Group.
Location, accessibility and the potential for future redevelopment were three key factors that influenced the buyer’s purchase decision.
“Acquiring a 14AC site with in-place income in one of the most sought-after submarkets in Broward County was very attractive to the buyer, who has plans to reposition the property in the future,” said Lohmann.
Situated on 13.72 acres at 8601 West Sunrise Boulevard, the two-story office building is based in the heart of a dense commercial corridor. The property also benefits from a wide range of retail options, including several restaurants, medical services, a Walmart and a Publix, and accessibility to major highways.
