CBRE Arranges Sale Of 7-Building Small-Bay Industrial Portfolio
The portfolio was 93% occupied at the time of the sale by a diverse tenant mix across various industries.
The portfolio was 93% occupied at the time of the sale by a diverse tenant mix across various industries.
He has also been consistently recognized by NAIOP South Florida, including Sale of the Year (2023), Private Office Sale of the Year (2021, 2022), Rookie of the Year award (2018), and Capital Markets Team of the Year (2017).
Douglas Mandel, Tyler Kuhlman, and Zachary Levine, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, an entity tied to Malcolm Butters, and secured the buyer, LMP Boca, LLC.
Marcus & Millichap’s Doug Mandel and Tyler Kuhlman had the exclusive listing to market the portfolio on behalf of the seller and procured the buyer, a Florida-based private investor.
This is the first time the property has sold since it was established over two decades ago.
Tricera and Merrimac closed the acquisition of the ±16,500 square feet of retail and restaurant space in August 2020
The asset sold for $17,500,000.
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