FORT LAUDERDALE, FL - Brenner Real Estate Group, a full service commercial real estate firm based in Fort Lauderdale, has announced the sale of a hotel under Caretaker Management in Vero Beach, FL and a motel property under Receivership in Haines City, Florida.
Carla Casey, Regional Manager – Property Management, Colette Wood, Commercial Leasing & Sales, and Hillary Garbarino, Commercial Associate, were responsible for the following sale:
*Pax Properties of Delray Beach, FL, has purchased the America’s Best Value Inn, a 118-room motel property located at 8797 20th Street, Vero Beach, FL built in 1972. Brenner Real Estate Group received the bank assigned property management contract and sales listing agreement for the 68,850 SF motel in 2011 and has been providing Caretaker Management services and oversight of the full operations of the motel for slightly under two years. The fully operating motel includes an on-site bar, conference facilities, full kitchen, pool and meeting rooms. Brenner Real Estate Group’s Casey, Wood and Garbarino represented the seller, Wage, LLC of Coral Gables, FL. The buyer was represented by Co-broker Blair Lee of Lighthouse Realty, LLC. The sale was valued at $2,015,000.
Carla Casey, Regional Manager – Property Management was responsible for the following sale in a joint effort with Elliot Paul Auctions:
*RNV, LLC has purchased the Rodeway Inn, 605 B Moore Road, Haines City, FL, at auction. Scott Brenner, Esq., CCIM, SIOR. RPA, CAM, President/CEO of Brenner Real Estate Group, was appointed Receiver for RAGA, Inc., a Florida Corporation, doing business as Rodeway Inn & Suites in April of 2013. Brenner Real Estate Group provided property management services in conjunction with the receivership for the 30,000 SF, 48-room motel. An auction agreement was executed with Elliot Paul Auctions and Elliot Paul handled the auction and disposition of the property. The property was built in 1995 and has three buildings as well as a swimming pool, meeting facilities, covered picnic area and shuffleboard. Ms. Casey represented the seller, Raga, Inc. The sale was valued at $558,000.
Brenner Real Estate Group is a full-service commercial real estate firm providing asset solutions, brokerage, investment sales, property management, asset management, and receivership services for office, industrial/commercial, retail and multi-family properties. The firm has been serving Florida since 1987.
For more information, visit Brenner Real Estate Group on the web at www.breg.net, on Facebook at “Brenner Real Estate Group” or on Twitter at “BrennerREgroup”. Contact the firm at 1500 West Cypress Creek Road, Suite 409, Fort Lauderdale, FL 33309, 954.596.5555 or toll free at 1-888-2734 (BREG).