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Rosemurgy Properties Sells Property With BankUnited Tenant

Alex Rosemurgy, CEO, Rosemurgy Properties announced today the sale of a 20,284-square-foot property at 2100 E. Atlantic Boulevard, Pompano Beach, FL for the full ask price of $5,802,024 or $1,545 PSF. BankUnited is the tenant. The building is new construction with a 20 year NN lease with built in 10% rent increases, and according to the Calkain Companies sets a new record low Cap rate of 4.10% for BankUnited in Florida. Developed and constructed by Rosemurgy Properties, the 3,754 square foot building with two drive thrus and paved parking lot was completed in November 2014. Patrick Nutt, Managing Partner of Calkain Companies represented the seller.