Ist United Bank Sells 2,003 rsf Dental Office Condo
Michael Scarpino, CCIM and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co., Fort Lauderdale, Florida, represented the seller, Ist United Bank of West Palm Beach, Florida, in the sale of a previously foreclosed dental office condominium.
The property consisted of unit 120 on the first floor of the Miami Gardens Professional Centre Condominium. The unit's size was 2,003 rentable square feet and 1,821 useable square feet. The unit was built out as a dental office, which will be used by the buyer as a second location for their dental practice. The property was sold to Delphi Properties, LLC. The buyer was not represented by a real estate broker.
The sale was completed on April 9, 2014 and the sale price of the property was $295,000 or $147.28 per rentable square foot.