JM Real Estate Represented Seller in $1.705 Million Closing

Miami FL

29 April, 2021

12:53 PM

Description

JM Real Estate, Inc., a full-service commercial property management, leasing and sales company based in Brevard County, Florida, represented seller Boozer Properties LLC in the April 14 closing of two professional buildings, located at 2415 and 2419 S. Babcock St. in Melbourne, for $1.705 million. Rob Solito of JM Real Estate represented the seller. The two side-by-side brick and stucco multi-tenant buildings offer a total of 13,690 square feet. Seven office and professional services tenants currently occupy the spaces. Rick Bertel and Jim Durham of FHRM Commercial represented the buyer, Babcock Bricks LLC. The well-maintained buildings are convenient to Melbourne Airport, downtown Melbourne, U.S. Highway 192, U.S. Highway 1, and Florida Institute of Technology. They feature high daily traffic counts of 28,222 cars, and prominent monument signage for tenants. “We are very pleased to have worked with Boozer Properties LLC to market and sell these two exceptional properties,” said Solito, JM Real Estate, Inc.’s commercial real estate manager. “JM Real Estate, Inc. continues to grow, and is one of the largest and most respected commercial real estate brokers on Florida’s Central East Coast.” About JM Real Estate, Inc. JM Real Estate, Inc. is a full-service, commercial property management, leasing and sales company based in Brevard County, Florida. It specializes in multi-tenant office, retail, medical and industrial properties and serves from Titusville to Palm Bay. JM has represented millions of square feet of acquisitions and dispositions of commercial investment properties, primarily multi-tenant office and retail. It has a current portfolio of approximately 2.5 million square feet and an estimated value of over $300 million. In 2020, Tzadik Properties, LLC, an industry-leading, multi-family property management company based in Miami, Florida, acquired JM Real Estate, Inc. For more information, visit www.JMRealEstate.com or call (321) 242-2882.