SOLD
NorthBridge Partners Acquires Powerline Commerce Park From Bristol Group For $18.1M
1250 South Powerline Road
Industrial
72,919 SF
72,919 SF
Sold 21 days ago
Summary
Sale
FLORIDA
Industrial
72,919 sqft
The industrial complex located at 1250, 1280 & 1310 South Powerline Road in Deerfield Beach, Fla., has been sold for $18.1 million. The property spans 4.5 acres and consists of three buildings totaling 72,919 square feet. The transaction was completed at a price of $248 per square foot, with the sale taking place between the Bristol Group of San Francisco and NorthBridge Partners of Wakefield, Mass. The buildings were constructed in 1989.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $18,100,000
- Address: 1250, 1280 & 1310 South Powerline Road
- Market: Deerfield Beach
- Asset Type: Industrial
- Size in Acres: 4.5
Dominic Montazemi, Mike Davis, Rick Brugge, and Rick Colon of Cushman & Wakefield facilitated the transaction as the brokers involved in the sale between the two parties, where Jeffrey S. Kott of the Bristol Group was the seller and Greg Lauze of NorthBridge Partners was the buyer.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: 04/11/2024
ADDRESS: 1250, 1280 & 1310 South Powerline Road
MARKET: Deerfield Beach
ASSET TYPE: Industrial ~ ACRES: 4.5
BUYER: Greg Lauze - NorthBridge Partners
SELLER: Jeffrey S. Kott - Bristol Group
BROKERS: Dominic Montazemi, Mike Davis, Rick Brugge & Rick Colon - Cushman & Wakefield
SALE PRICE: $18,100,000
SF: 72,919 ~ PPSF: $248
NOTE: Powerline Commerce Park, an industrial complex in Deerfield Beach, Fla., sold this week for $18.1 million, or $248 per square foot, according to a deed. The 4.5-acre property, built in 1989, features three buildings totaling 72,919 square feet and was sold by Bristol Group of San Francisco to NorthBridge Partners of Wakefield, Mass.View on map
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Address1250 South Powerline Road
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