Pedowitz Machinery Movers Acquires Industrial Asset In Pompano Beach For $11.5 Million

This industrial property, located at 1909 Northwest 16th Street in Pompano Beach, was sold for $11,500,000. The building features a total area of 60,369 square feet, which equates to a price per square foot of $190.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,500,000
• Address: 1909 Northwest 16th Street
• Market: Pompano Beach
• Square Footage: 60,369
• Price per Square Foot: $190
• Buyer: Pedowitz Machinery Movers
• Seller: Coastal Masonry, Inc.
• Brokers: Tom O'Loughlin & Larry Genet - CBRE; Keith Kidwell - Sperry Van Ness; Bob Case - The Case Team

In this transaction, Pedowitz Machinery Movers acquired the property from Coastal Masonry, Inc. The deal was facilitated by multiple brokers, including Tom O'Loughlin and Larry Genet from CBRE, Keith Kidwell from Sperry Van Ness, and Bob Case from The Case Team.