Morgan Stanley Acquires Industrial Property In Pompano Beach For $25.5M

The industrial property located at 3001 West Copans Road in Pompano Beach has been sold in a transaction facilitated by Morgan Stanley and IDI Logistics, represented by Mark Saturno. The property spans across 11.3 acres and features a total square footage of 134,000. The sale price for this transaction was $25,500,000, resulting in a price per square foot of $190.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $25,500,000
• Date: 12/29/2022
• Address: 3001 West Copans Road
• Market: Pompano Beach
• Acres: 11.3
• Buyer: Morgan Stanley
• Seller: IDI Logistics - Mark Saturno
• Square Footage: 134,000
• Price per Square Foot: $190

Morgan Stanley acted as the buyer in this transaction, while IDI Logistics, represented by Mark Saturno, served as the seller. The deal was completed on 12/29/2022 and involved an industrial property measuring 134,000 square feet. With a purchase price of $25,500,000, this transaction resulted in a price per square foot of $190.