Warehouse Space Trades Hands For Record Setting Price PSF In Broward County
Benjamin H. Silver and Sebastian Misiewicz with CBRE represented the seller and the buyer in the transaction.
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Benjamin H. Silver and Sebastian Misiewicz with CBRE represented the seller and the buyer in the transaction.
C.J. Easton and David Wilf, both acquisition principals with The Easton Group, sourced the deal.
Quest currently occupies 12,783 square feet on the third floor and will take an additional 13,164 square feet on the fourth floor, which they will occupy in October.
In this highly competitive industrial real estate sales market, the buyer signed the purchase and sales agreement and closed the same day.
The asset is 87 percent leased to a diversified tenant roster with five or more years of weighted average lease term.
The transaction marks one of the highest sales for industrial land in North Fort Lauderdale.
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The to-be-built warehouse will total 174,348 square feet.
The property was the former headquarters of the family-owned and operated Rex Discount.
The 15-unit waterfront condo is centrally located in North Bay Village.
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