Infinity Properties And Mindful Capital Acquire Small Bay Industrial Center In Pompano Beach For $6.6M

The transaction involved an industrial property located at 2003-2033 W McNab Rd, in Broward County, Pompano Beach. The sale price was $6,600,000 for a total square footage of 43,800, which translates to a price per square foot of $151. The asset comprises a multi-tenant small bay industrial center hosting 33 tenants with bay sizes ranging from 400 SF to 3,025 SF. The acquisition also includes 1.32 acres of contiguous industrial zoned vacant land fronting McNab Rd, which is currently listed for sale with CBRE.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,600,000
• Square Footage: 43,800
• Price per Square Foot: $151
• Address: 2003-2033 W McNab Rd
• Market: Broward County, Pompano Beach
• Buyer: Shane Decker, Brett Schlacter, Patrick Carney
• Seller: Ann B Cooper Trust
• Number of Tenants: 33
• Bay Sizes: 400 SF - 3,025 SF
• Additional Land: 1.32 acres of industrial zoned vacant land

Shane Decker, Brett Schlacter, and Patrick Carney collaborated for the second time this year to enhance their industrial portfolio, marking their fifth acquisition of industrial properties in 2021. This acquisition is the fourth for their partner Mindful Capital. The team at Infinity Properties is actively seeking further value-add industrial deals and is open to direct compensation for brokers presenting opportunities. Interested parties can contact Shane Decker for off-market opportunities at 305.988.8333.