SVN Commercial Partners‘ Investment Sales Directors Elon Gerberg and Adam H. Klein of the ROI Group have successfully facilitated the closing of eight separate commercial transactions totaling approximately $30,000,000 over the past 18 months in the Oakland Park submarket of Fort Lauderdale.
Gerberg and Klein are actively marketing four additional commercial properties for sale in the submarket, with a combined value of approximately $20,000,000.
As Fort Lauderdale faces a scarcity of available commercial investment properties, savvy investors are redirecting their focus towards well-located assets in surrounding submarkets, particularly Oakland Park.
Klein commented on the success their team is achieving in the submarket, stating, “Buyer appetite for high growth markets like Oakland Park is so strong that all eight of these closings sold at a ‘going-in’ rate of return below current interest rates.”
As a part of the South Florida Metropolitan area and its population of over 6 million, the City of Oakland Park is well situated between Greater Fort Lauderdale and The Palm Beaches.
“With limited inventory available and many new challenges surfacing for property owners, investors are increasingly relying on brokers who maintain regular communication with property owners and possess real-time market knowledge,” Gerberg added. “Due to our established track record selling retail, office, and industrial properties, investors have sought us out as a primary source for deals and as trusted advisors for identifying opportunities.”
