Cushman & Wakefield Arranges $15.1M+ Sale Of Small Bay Industrial Portfolio

Cushman & Wakefield‘s Greg Miller, Scott O’Donnell, Dominic Montazemi, Mike Ciadella, and Miguel Alcivar arranged the $15,175,000 sale of McNab & Margate Small Bay Portfolio, a four-building small bay industrial portfolio encompassing 73,673 square feet.

Cushman & Wakefield arranged the sale on behalf of the seller and buyer.

“This transaction presented the opportunity to acquire a recently repositioned small bay industrial portfolio in central Broward County at a discount to market replacement cost. Tenant demand for small bay industrial in South Florida continues unabated, and when combined with a lack of new small bay industrial supply, increasing land values and rising construction costs, the Portfolio allows for a compelling investment thesis,” said Greg Miller, Director at Cushman & Wakefield.

McNab Small Bay totals 43,850 square feet and is positioned within the sought-after Pompano Beach submarket.  The property consists of two small bay buildings with bay sizes ranging from 400 to 3,025 square feet. McNab Small Bay features a total of 40 grade-level loading positions and a strategic location along West McNab Road with efficient access to Interstate 95 and the Florida Turnpike.

Margate Small Bay totals 29,823 square feet and consists of two small bay buildings with bay sizes ranging from 1,850 to 6,300 square feet. The property features a total of 13 grade-level loading positions and offers a strong location defined by its convenience to servicing the surrounding bedroom communities of Margate, Coconut Creek and Coral Springs.