News Release: PEBB Sells Single-Tenant Building for $3.45M
PEBB Enterprises has sold a single tenant property in Ft. Lauderdale, currently occupied by City Mattress for $3.45 million.
The 7,731 square-foot, freestanding single-tenant building on 1.0 acre, located at 1840 N. University Drive, Coral Springs, was sold to Roblin Properties, LLC and is the second major transaction for PEBB this week, having closed Monday on a regional shopping center sale in Cleveland, OH for $15.8 million.
PEBB acquired the property in 2008 which was originally built out as dual-tenant building. PEBB completely renovated and reconfigured it as a single-tenant building for its new tenant, City Mattress, which opened in June 2017.