CBRE Group, Inc., has arranged the sale of Sunrise Business Center, 5001-5035 North Hiatus Road and 5000 Northwest 108th Avenue in Sunrise, Florida. Elion Partners sold the 124,487 square-foot office and warehouse complex, which is currently 95 percent leased, to Cabot Properties for $13 million. CBRE’s David J. Wigoda, SIOR represented the seller in the transaction.

“Although it attracted many potential buyers, the challenge was finding a buyer that wanted the product type mix of smaller bay office and warehouse spaces and one larger distribution space. Cabot Properties saw value in how the product types complimented each other; a beneficial transaction for all parties involved,” said David Wigoda, senior vice president at CBRE.

Built in the mid-1980s and recently renovated, Sunrise Business Center consists of two connected industrial buildings on a 8.22-acre parcel. Although it was developed over 30 years ago, the property stands out as one of the nicest and most functional older properties in the submarket. At closing, the property was leased to nine tenants in a diverse cross-section of industries and had one vacancy.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.