Invesco Real Estate Buys Two Pompano Beach Warehouses For $23.85M

Two warehouses in Pompano Beach, fully leased and built in 1986, located at 1280 Northwest 22nd Court & 2151 Blount Road, were sold for $23.85 million. The sale price equated to $227 per square foot. The properties were acquired by Scott Dennis from Invesco Real Estate, purchased from Ares Industrial Real Estate Income Trust.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $23,850,000
• Buyer: Scott Dennis - Invesco Real Estate
• Seller: Ares Industrial Real Estate Income Trust
• Brokers: Daniel Sarmiento, Frank Fallon, Gabriel Braun, Jose Lobon, Royce Rose, Trey Barry & Tom O'Loughlin - CBRE
• SF: 104,849
• Market: Pompano Beach

The deal was facilitated by CBRE, with brokers involved including Daniel Sarmiento, Frank Fallon, Gabriel Braun, Jose Lobon, Royce Rose, Trey Barry, and Tom O'Loughlin. The transaction showcased a significant increase in value from the previous trade, marking a successful venture for the parties involved.