Marinelli Construction, Inc. Purchases Office/Warehouse Condo
FORT LAUDERDALE, FLORIDA – May 16, 2016 – Michael Scarpino, CCIM, Senior Associate of NAI Rauch Weaver Norfleet Kurtz & Co., a member of the world’s premier managed network of commercial real estate firms, announced today that he negotiated the sale of an office/warehouse condo on behalf of United Asset Holdings Commercial, LLC, a wholly owned subsidiary of Valley National Bank for $135,000 or $102.27 per square foot.
The previously foreclosed 1,320 square foot office/warehouse condo is located slightly east of Florida’s Turnpike and just north of Martin Luther King Boulevard, where there is an entrance to the turnpike. The condo unit is located in what is known as the Wellington Park at Coconut Creek Commercial Condominium. Marinelli plans to use the condominium in his construction business.
The buyer was represented by Patrizia Marzella of ACM Real Estate, Inc., Lighthouse Point, Florida.