SOLD
Blackstone Acquires Industrial Warehouse In Pompano Beach For $20.7M
3141 Southwest 10th Street
Industrial
93,873 SF
93,873 SF
Sold 16 days ago
Summary
Sale
FLORIDA
Industrial
93,873 sqft
The industrial asset involved in the transaction is a 93,873-square-foot distribution warehouse located at 3141 Southwest 10th Street in Pompano Beach. This property was acquired by Stephen A. Schwarzman's Blackstone for $20.7 million from Shlomo Khoudari's Elion Partners. The sale price equates to $221 per square foot, reflecting the thriving industrial real estate market in Pompano Beach.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,700,000
- Address: 3141 Southwest 10th Street
- Market: Pompano Beach
- Buyer: Stephen A. Schwarzman - Blackstone
- Seller: Shlomo Khoudari - Elion Partners
- SF: 93,873
- PPSF: $221
The acquisition of the distribution warehouse at 3141 Southwest 10th Street in Pompano Beach was completed by Blackstone's industrial real estate arm, demonstrating the company's strategic investment in the flourishing industrial property market. The sale, facilitated by Shlomo Khoudari of Elion Partners as the seller, showcases the robust demand for commercial properties in the Pompano Beach area.
Details
SOLD
IMAGE: Stephen A. Schwarzman & Shlomo Khoudari
DATE: 05/03/2024
ADDRESS: 3141 Southwest 10th Street
MARKET: Pompano Beach
ASSET TYPE: Industrial ~ ACRES: 5.3
BUYER: Stephen A. Schwarzman - Blackstone (@Blackstone)
SELLER: Shlomo Khoudari - Elion Partners
SALE PRICE: $20,700,000
SF: 93,873 ~ PPSF: $221
NOTE: Blackstone's industrial real estate arm has acquired a distribution warehouse in Pompano Beach for $20.7 million. The 93,873-square-foot property, located at 3141 S.W. 10th Street, was sold by EV 3141 LLC to 3141 Pompano Owner LLC, a Blackstone affiliate, reflecting the significant value appreciation in industrial real estate driven by rising rents and demand.View on map
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Address3141 Southwest 10th Street
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