Cushman & Wakefield Arranges $36.2M+ Sale Of Boynton Beach Industrial Portfolio

Cushman & Wakefield has arranged the $36,250,000 sale of Boynton Logistics Center, a Class A industrial portfolio comprised of three buildings totaling 197,608 square feet.

Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon and Greg Miller of Cushman & Wakefield arranged the sale on behalf of both the seller and buyer. The property was sold by Elion Partners or EV 1230, LLC and acquired by VK Acquisition VI, LLC a subsidiary of Venture One Real Estate, LLC.

Rick Etner, Matthew McAllister, Christopher Thomson, and Chris Metzger of Cushman & Wakefield’s South Florida Industrial team also supported the sale process and will represent the buyer in leasing the property going forward.

“Florida’s strong population growth continues to fuel the best fundamentals in the country which continues to draw strong investor demand with limited high-quality assets like Boynton Logistics Center available for sale,” said Mike Davis, Executive Vice Chairman, at Cushman & Wakefield.

 

“With rents nearly 50% below market, Boynton Logistics Center offers a highly attractive basis at $183 per square foot with tremendous upside,” added Dominic Montazemi, Executive Managing Director at Cushman & Wakefield.

 

“This was a tremendous opportunity to acquire critical mass of Class A industrial assets in an infill location at an attractive basis, further allowing Venture One to establish a significant position in the highly sought-after South Florida industrial market,” noted Greg Miller, Director, at Cushman & Wakefield.

Located at 1200, 1210, and 1230 SW 35th Ave., the portfolio offers a range of versatile bay sizes, with dock-high loading and 30-to-36-foot clear heights. This exceptional location provides superior logistical access in servicing the surrounding high demographic communities.