Franz F. Colloredo-Mansfeld Of Cabot Properties Acquires Industrial Asset From Ted Pick Of Morgan Stanley For $38.75M

The property involved in the transaction is an industrial asset located at 3001 West Copans Road in Pompano Beach. It spans 8.6 acres and includes a total square footage of 136,985. The transaction was completed for a sale price of $38,750,000, reflecting a price per square foot of $283.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $38,750,000
• Buyer: Franz F. Colloredo-Mansfeld - Cabot Properties
• Seller: Ted Pick - Morgan Stanley
• Year Built: 2020
• Total Square Footage: 136,985 SF
• Available for Lease: 79K SF at $18.50/SF

This transaction involved Franz F. Colloredo-Mansfeld representing Cabot Properties, while Ted Pick represented Morgan Stanley in the sale. The asset previously sold for $25.5 million in 2022, indicating a notable increase in its market value by the time of this transaction.