CBRE Negotiates Sale Of Small Bay Industrial Asset
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Industrial Real Estate Associate Sam Koss, negotiated the sale of the two building industrial warehouse.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin, along with Industrial Real Estate Associate Sam Koss, negotiated the sale of the two building industrial warehouse.
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The building is available for immediate occupancy and features 3,800 square feet of office space, 36-foot clear heights, 48 dock doors, two drive-in doors, 60 trailer parking spaces and ample automobile parking spaces and outdoor storage facilities.
CBRE’s Gordon Messinger, Joe Freitas, and Max Pawk represented Cypress Corporate Center ownership, HS Capital, in each of the transactions. Both Morgan Fidelity Associates and Control Point Associates were represented by Michael Feuerman and Daniel Silver with Berger Commercial Realty.
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.
Prior to joining Colliers, he served as Senior Managing Director and Caribbean Market Leader at Newmark as well as Executive Vice President at CBRE.
The company also announced on October 17 that it plans to introduce a fourth options exchange platform headquartered in Miami.
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The sale price equates to $344,000 per unit.
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