CBRE Executive Vice President Robert Smith, Senior Vice President Kirk Nelson and Executive Vice President Jeffrey Kelly facilitated the sale of a single tenant leased property located at 1715 E Tiffany Drive in Mangonia Park, Florida for $5,720,000.

RL Capital LLC paid $5,720,000 for the 43,674-square-foot office/warehouse building, which is situated on 2.82 acres of land fronting 45th Street.

The deal closed June 18.

The owner/seller, Gulfstream Goodwill, executed a sale leaseback to the buyer.

Michael Fisher with John C. Bills Properties LLC and Chris Klein with Treasure Coast Commercial Real Estate Inc. assisted in the sale of the property.

“The Buyer and Seller both worked through a very challenging environment to arrange a successful sale,” commented Nelson.

With over 70 years combined experience as the North and South County brokerage market leaders with CBRE, Inc., Kelly, Smith, and Nelson have completed thousands of sale and lease transactions totaling billions of dollars in total consideration. They consistently achieve production levels high enough to be recognized nationally within CBRE.

About Jeffrey Kelly: Jeffrey Kelly is a senior ranking commercial real estate professional and perennial Top Producer who specializes in the sale and leasing of major office and industrial assets throughout Broward and Palm Beach counties. A trusted advisor to some of the largest office and industrial landlords in South Florida, Mr. Kelly helps clients navigate the ups and down of the commercial real estate market with ease, creating value through the repositioning and rebranding of major assets.

About Robert Smith: Mr. Smith is a senior ranking commercial real estate professional and Top Producer who specializes in the sale and leasing of major industrial, Life Science, office, and vacant development parcels of all types throughout South Florida. Since joining CBRE in 1996, Mr. Smith has been involved with thousands of real estate transactions totaling billions of dollars in sale and lease consideration. A trusted advisor to many of the largest commercial property owners and developers, Mr. Smith prides himself on working relentlessly to creatively add value to commercial assets through repositioning and rebranding with the use of the highest technology marketing methods available today.

About Kirk Nelson: Kirk Nelson is a Senior Vice President specializing in the sale and leasing of office, industrial and land properties for investors, tenants and lenders located in the Palm Beach, Broward and Treasure Coast Counties of South Florida. Before relocating to South Florida, Kirk served as a Sales Manager for Hanes Branded Apparel in Winston – Salem, NC. During his tenure with Hanes, he gained extensive experience with retailers that included Wal-Mart, Target, Sears and Kmart.