DoveHill Closes On Its Second Industrial Property In Pompano Beach In Off-Market Deal

DoveHill continues to expand its presence in the industrial sector with its second acquisition in this rapidly growing segment with plans to acquire an additional two to four properties this year.

The investment firm recently closed an off-market deal for a fully renovated, 25,000-square-foot Class B industrial property located at 1291 SW 29th Avenue in Pompano Beach for $5,805,300. The building is fully leased to a publicly traded medical device manufacturer. Located in one of South Florida’s tightest submarkets—with a vacancy rate of just 3.4%—the 100% air-conditioned facility benefits from strong fundamentals. Roughly $800,000 in recent capital improvements further boost its long-term income potential.

DoveHill’s industrial strategy exclusively targets Class B industrial properties within the eastern Broward, Palm Beach, and Miami-Dade markets—areas characterized by historically low vacancies and robust tenant demand. DoveHill acquires properties below replacement cost, leverages deep institutional expertise and boots-on-the-ground market knowledge, and utilizes its experienced in-house team to enhance assets and secure top-of-market leasing terms. This disciplined approach allows investors to achieve strong returns while effectively mitigating risk.

This acquisition underscores DoveHill’s focus on executing its core strategy. By targeting sub-institutional assets valued between $5 million and $25 million in high-growth markets in Broward, Palm Beach, and Miami-Dade counties east of the Florida turnpike and I95, the firm seeks to capitalize on inefficiencies and generate compelling, risk-adjusted returns through disciplined execution.

Founder and CEO Jake Wurzak stated, “This marks our second Class-B industrial acquisition in Broward County. These assets are becoming increasingly valuable due to their strategic, irreplaceable locations, the high cost of new development, and consistent demand from a broad range of tenants. We plan to acquire additional properties this year, and we expect this to grow into a substantial platform over the next five years.”

 

Chief Investment Officer Charles Paloux added, “We are committed to expanding our footprint in this sector. This is our home market, and we believe our local knowledge gives us a meaningful competitive advantage.”