Hollywood Industrial Property Sells For $387 PSF

A 98,860-square-foot industrial property at 2910 Stirling Road in Hollywood has sold for $38,266,205, or approximately $387 per square foot.

The transaction involved a Class A warehouse asset that was ultimately acquired by an undisclosed owner-user. The sale reflects the value being placed on well-located industrial properties in Broward County, particularly those that can serve owner-user demand in a supply-constrained market.

The site was formerly used as an equipment storage yard before being acquired and redeveloped into a modern warehouse facility. That transformation helped position the asset for its eventual disposition at a substantial valuation.

Todd Watson was the seller in the transaction. The deal was handled exclusively by CBRE’s Larry Genet, Tom O’Loughlin, Michael Oretsky, Devin White, Jose Lobon and David Albert, with no other brokers involved.

The sale underscores continued investor and owner-user interest in high-quality industrial product across South Florida, where functional warehouse space remains in demand and redevelopment plays continue to create value.