Discount Truck Parking Acquires Industrial Property In Pompano Beach For $9.1M With Seller's Rep CBRE

Discount Truck Parking has acquired a new property in Pompano Beach to expand its truck parking facilities. Located at 1750 North Powerline Road, this industrial asset offers a total area of 207,261 square feet. The sale price for this transaction was $9,100,000, resulting in a price per square foot of $44. The property is strategically situated in a market known for its industrial activity, making it an ideal addition to Discount Truck Parking's portfolio.

Summary of transaction details

• Property Type: Industrial
• Sale Price: $9,100,000
• Square Footage: 207,261
• Price Per Square Foot: $44
• Address: 1750 North Powerline Road
• Market: Pompano Beach

The buyer in this transaction is Discount Truck Parking, represented by Ariel Golan. This acquisition marks the company's third parking lot in Pompano Beach, aligning with their goal of providing secure truck parking facilities for truck drivers on the road. On the other side of the deal, Imperium Capital, represented by Daniel Glaser, Sam Schneider, and Paisely Boney, acted as the sellers. Their representatives in the transaction were Larry Genet from CBRE and Tom O'Loughlin, also from CBRE.