Todd Watson Sells Industrial Asset At 2910 Stirling Road Hollywood For $38.27M With CBRE Brokers

The asset involved in this transaction is an industrial property located at 2910 Stirling Road in Hollywood. The property encompasses 98,860 square feet and was sold for a price of $38,266,205, resulting in a price per square foot of $387.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $38,266,205
• Square Footage: 98,860 SF
• Address: 2910 Stirling Road
• Market: Hollywood
• Seller: Todd Watson
• Brokers: Larry Genet, Tom O'Loughlin, Michael Oretsky, Devin White, Jose Lobon, and David Albert - CBRE
• Attorney: Orlando Rene Cicilia, esq. - Cicilia Law, P.A.
• Price per Square Foot: $387

This transaction represents a coordinated effort from the brokerage team at CBRE, highlighting their comprehensive approach to the sale. The team’s strategy included the acquisition and redevelopment of a former equipment storage yard, transforming it into a Class A warehouse, before ultimately selling it to an undisclosed owner-user. No other brokers were involved in this transaction.