CBRE Executes Sale Of Fully Leased Industrial Portfolio In Pompano Beach

CBRE has arranged the sale of a 94,106-square-foot industrial portfolio in Pompano Beach.

Invesco Real Estate, a global real estate investment manager, purchased the property from a Real Estate fund managed by Ares Management.

CBRE National Partners Vice Chairmen Jose Lobón, Frank Fallon, Trey Barry, and Vice President Royce Rose represented the seller in the transaction. The team was assisted by Tom O’Loughlin, Vice Chairman with CBRE Industrial Leasing, and Gabriel Braun and Daniel Sarmiento, Financial Analysts with CBRE National Partners.

The two-building portfolio was fully leased at the time of sale. It offers nearby access to all of South Florida’s critical logistical infrastructure, including Interstate 95 and the Florida Turnpike.

Located at 2151 Blount Rd., Pompano Industrial Center I is a 25,300-square-foot building featuring 18.5-foot clearance height, rear loading, six dock-high doors, one drive-in door, and 33 car parking spaces.

Located at 1280-1300 NW 22nd St., Pompano Industrial Center II is a 68,806-square-foot building featuring 22-foot clearance height, rear loading, 11 dock-high doors, two drive-in doors, and 110 car parking spaces.

According to CBRE Research, the Pompano Beach submarket is the largest industrial submarket in Broward County with over 25.3 million square feet of total inventory and a vacancy rate of 3.53%.