CRSC Commercial Holdings LLC Acquires Industrial Property In Pompano Beach For $8.7M

The Class A 62,000-square-foot office/warehouse asset located at 3001 Center Port Circle in Pompano Beach was sold for $8.7 million. The property features five dock high loading doors, two ramps with oversized, fully motorized doors, and is situated close to Interstate 94, between Sample Road and Copans Road.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,700,000.00
• Buyer: CRSC Commercial Holdings LLC
• Seller: Rexall Sundown
• Buyer's Reps: Kirk Nelson (CBRE), Robert Smith (CBRE)

CBRE's Executive Vice Presidents Jeff Kelly, Robert Smith, and First Vice President Kirk Nelson facilitated the transaction. The property was purchased by CRSC Commercial Holdings LLC, representing Logoup.com, an e-commerce provider of branded products, who will be the building's occupant. Rexall Sundown, the seller, had acquired the asset in 2010 for $4.6 million. According to CBRE's Broward County industrial report for the third quarter, tenants are increasingly choosing to buy assets rather than lease them due to growing trends in the market.