Berkadia Arranges $15.56M Refinancing Of Industrial Asset In Pompano Beach
The property is currently 100% occupied by two tenants.
The property is currently 100% occupied by two tenants.
The purchase price works out to roughly $308 per square foot.
Acquired at 55% replacement cost, the Broward Logistics Portfolio is currently 83% leased to nine tenants.
The portfolio totals nearly 300,000 square feet and is over 90% occupied.
The lease brings Powerline Commerce Center to full occupancy, underscoring continued demand for well-located industrial space in Broward County.
The fund focuses on last-mile, multi-tenant logistics properties throughout the U.S.
The full project is planned for 1.5 million square feet of industrial space on an 87-acre site.
Situated on Dixie Highway in Pompano Beach, Airpark Commerce Center comprises two buildings spanning 1.5 acres. The facility features an average suite size of under 2,000 square feet, making it an attractive option for small tenants.
The property is situated on a 0.26-acre site and includes outside storage.
The warehouses sit on 14.7 acres near a Publix distribution facility
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