Situated on a 22,507-square-foot parcel at 426-434 W. Cypress St., the structure is divided into two 5,000-square-foot units and one 4,818-square-foot unit.
The building is fully occupied; two units are occupied by a media/studio tenant, and one unit is occupied by a beauty and wellness company.
Yair Haimoff, executive managing director of Spectrum Commercial Real Estate, represented the undisclosed buyer in this investment sale.
Haimoff said that the seller had multiple offers.
“It was a highly competitive purchase with several offers that were all-cash and above asking price,” he said.