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The United States Postal Service Leases 136,000 SF Industrial Building In Pompano Beach

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LEASED

Florida

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Industrial136,000 SF
Leased 02/09/2024
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LEASED

The United States Postal Service Leases 136,000 SF Industrial Building In Pompano Beach

3150 Northwest 33rd Street

See Similar Deals
Industrial136,000 SF
Leased 02/09/2024

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:136,000 SF
Transaction Type:Lease

The United States Postal Service (USPS) has leased a 136,000-square-foot industrial building located at 3150 Northwest 33rd Street in Pompano Beach. The property, originally planned for Amazon, is part of the Rock Lake Business Center. The facility, now known as the Pompano Beach Sorting and Delivery Center, will be used to streamline letter carrier operations for five Broward County post offices. This lease reflects the changing dynamics in the industrial market, driven by supply chain issues and e-commerce growth in South Florida.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 136,000 SF
  • Address: 3150 Northwest 33rd Street, Pompano Beach
  • Market: Pompano Beach

The landlord of this property is Mark Saturno, who represents IDI Logistics. The tenant is Louis DeJoy, who represents The United States Postal Service (USPS). The lease agreement between the landlord and tenant signifies the USPS's commitment to optimizing their operations in Broward County, in response to the evolving industrial market and the growing demand for efficient delivery services.

Details

LEASED
IMAGE: Louis DeJoy & Mark Saturno DATE: 02/09/2024 ADDRESS: 3150 Northwest 33rd Street MARKET: Pompano Beach ASSET TYPE: Industrial ~ SF: 136,000 LANDLORD: Mark Saturno - IDI Logistics TENANT: Louis DeJoy - The United States Postal Service (USPS) (@US Postal Service) NOTE: The United States Postal Service has moved into a 136,000-square-foot industrial building in Pompano Beach, originally planned for Amazon, as part of the Rock Lake Business Center. This facility, now named the Pompano Beach Sorting and Delivery Center, will streamline letter carrier operations for five Broward County post offices, reflecting changing dynamics in the industrial market amid supply chain issues and e-commerce growth in South Florida.

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Deal Type
Effective Rent (Annual)

$7,795,437.93

Total Lease Value

$77,954,379.32

Net Landlord Cash Flow$7,795,437.93