B+E Announces Sale of Fort Lauderdale NNN e-TeleQuote Insurance Property
NEW YORK (PRWEB) August 10, 2018 -- B+E (Brokers+Engineers), the first brokerage firm and trading platform for net lease (NNN) real estate, today announced the sale of an industrial/flex property that is leased long-term to e-Telequote Insurance in Fort Lauderdale, Florida.
Located at 2880 W Cypress Creek Road, the +/-15,500SF call center was sold for $4,225,000 at an 8.2% cap rate. The property has +/-6.5 years remaining on the lease and was sold to a 1031 exchanger, the Young Family Trust. B+E represented the seller, BRN Development, a Florida developer.
“We were happy to source a 1031 exchange buyer for the sale of this property,” said Daniel Zimmerman, Director at B+E. “Because of the recent tax changes limiting state tax deductions, Florida has become an even bigger investment opportunity for those interested in triple net lease properties.”
For more information on this transaction, contact Daniel Zimmerman at dzimmerman(at)benetlease.com or go to http://www.benetlease.com
With offices in New York, Tampa and San Francisco, B+E sets the modern standard for net lease real estate brokerage services and performance. The B+E trading platform consists of user-friendly dashboards, real-time predictive pricing and an AI-driven exchange -- all leveraging the largest data set in the industry. Buyers and sellers can conduct entire NNN transactions online, reviewing real-time credit, news and tenant data while they trade, much like online stock trading platforms. The mission of B+E is to help virtually anyone confidently trade net lease.
Press Release Contact:
John Vita
John Steven Vita Communications
John.vita(at)jsvcom.com
847/853-8283
john vita, John Steven Vita Communications, http://www.johnstevenvita.com, +1 (847) 853-8283, [email protected]
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