Rockpoint Acquires Pompano Beach Industrial Site For $180M
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.
The transaction — which closed Thursday afternoon —was direct with no brokers involved, and an all-cash deal.
The 102,913-square-foot Class A distribution facility features 32-foot clear heights, two drive-in bays, 18 loading docks, ESFR sprinklers, and 103 car parking spaces.
Cresa Miami Managing Principal Jeff Hartsook represented Next Level Aviation in the lease negotiations. Matt Jones with Levy Realty Advisors.
The portfolio totals 65,000 square feet.
Cushman & Wakefield’s South Florida Industrial Team represented the landlord in the lease negotiations. Matthew G. McAllister served as Cushman & Wakefield’s lead broker and worked with partners Chris Metzger, Rick Etner, and Christopher Thomson. The tenant was represented by Alex Bernaldo of America’s Commercial Real Estate.
The team will focus on representing owners, tenants, and investors of industrial property throughout Florida.
The sale price equates to $214 per square foot.
Easton’s Michael Foxwell Jr. and Andrew Easton negotiated the lease transactions.
The 10,978-square-foot building is located on an oversized and fenced 1.2-acre lot, providing ample room for truck and trailer parking.
Keith Kidwell, Les Byron, and Steve Davis of SVN | Commercial Realty represented the landlord and Patrick Conness of Conness Commercial Realty represented Sunbelt Rentals, Inc. in the transaction.
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