Berger Commercial Realty Represents Buyer In Oakland Park Industrial Acquisition
Small-bay warehouse properties remain in high demand, particularly in locations offering convenient access to major transportation corridors.
Small-bay warehouse properties remain in high demand, particularly in locations offering convenient access to major transportation corridors.
Steve Hyatt, Senior Vice President with Berger Commercial Realty, represented Community Foundation of Broward in the acquisition.
Senior Vice Presidents Steve Hyatt and Keith Graves, CCIM, SIOR represented the seller in the transaction.
The property is situated on a 0.26-acre site and includes outside storage.
The 5,279-square-foot industrial automotive facility is situated on 0.6 acres just south of Downtown Fort Lauderdale.
“This area has experienced some of the fastest growth in the country, with downtown Fort Lauderdale’s population surging by more than 35% in the last four years and Flagler Village’s residential base more than doubling over the past decade.”
Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller in the transaction.
The 4,502-square-foot live-work, loft-style industrial building—located at 437 NW 1st Avenue—was sold by the Charles L. Peet Revocable Trust.
The buyer plans to develop the property into a 4-building self-storage facility, with plans already approved for a 150,000 square foot self-storage complex.
The transaction was facilitated by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, who represented the seller.
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