Berger Commercial Realty’s Jordan Beck Represents Buyer In $19.25 Million Acquisition Of Broward Industrial Portfolio

Berger Commercial Realty announced that Senior Vice President Jordan Beck represented the private buyer group in the $19,250,000 purchase of a three-building industrial portfolio along NW 38th Avenue in Lauderhill.

The 104,000-square-foot portfolio, sold by Israel Family 38th Ave Warehouses LLC, spans three contiguous properties:

• 1703–1745 NW 38th Ave
• 1774–1812 NW 38th Ave
• 1823–1853 NW 38th Ave

The property features retail storefronts along NW 38th Avenue, with small-bay industrial units wrapping the rear and sides of the buildings—an increasingly sought-after configuration given strong demand for service-oriented and small-format industrial spaces.

Currently 80% occupied by a mix of retail and industrial tenants, the portfolio offers the buyer stable in-place cash flow with significant upside through leasing and capital improvements. The buyer plans to hold the assets long term, focusing on strategic enhancements and activating vacant units to maximize value.

This transaction also marks a full-circle achievement for Beck, who sold the same portfolio to the seller just one year ago. Leveraging deep market relationships and knowledge of the asset’s positioning, Beck identified a sophisticated buyer capable of executing a targeted improvement and lease-up strategy.

“This deal showcases what strong relationships and market insight can achieve,” said Beck. “The buyer recognized the portfolio’s unique combination of stabilized income and future potential, and we’re excited to see the next phase of improvements take shape.”

Berger Commercial Realty, a full-service commercial real estate firm, continues to be a trusted advisor in South Florida’s dynamic market, specializing in investment sales, landlord and tenant representation, and property management.