Cushman & Wakefield Brokers Sale Of Broward Warehouse Buildings In Margate & Pompano Beach For $15.1M | 5431-5441 Northwest 15th Street & 2003-2033 West Mcnab Road | Scott O'Donnell, Michael (Mike) Ciadella, Miguel Alcivar, Dominic Montazemi, Gregory (Greg) Miller | Industrial | Sale

Summary

Sale

FLORIDA

Industrial

144,516 sqft

A portfolio of Broward warehouse buildings totaling 72,258 square feet in Margate and Pompano Beach has been sold for $15.1 million. The sale, brokered by Cushman & Wakefield, provided an opportunity to acquire a recently repositioned small bay industrial portfolio in central Broward County at a discount to market replacement cost.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $15,100,000
Square Footage: 72,258
Price Per Square Foot: $209
Address: 5431-5441 Northwest 15th Street & 2003-2033 West Mcnab Road
Market: Margate & Pompano Beach

The buyer, Fred Zorovich of ICS Real Estate, acquired the Broward warehouse buildings from sellers Shane Decker of Infinity Properties USA and Jeffrey Pechter of Mindful Capital Group. Representing the buyer and seller in the transaction were brokers Dominic Montazemi, Gregory Miller, Michael Ciadella, Miguel Alcivar, and Scott O'Donnell of Cushman & Wakefield.

Players

All
6

Agents
5
Agencies
1

Scott O'Donnell

Executive Director

$376M Sold

Michael (Mike) Ciadella

$208.4M Sold

$711.3M Sold

$3.1B Sold

Gregory (Greg) Miller

Director

$241.3M Sold

Cushman & Wakefield

Details

Deal Summary

SOLD

IMAGE: Michael Ciadella, Miguel Alcivar, Dominic Montazemi, Gregory Miller, Scott O'Donnell, Jeffrey Pechter & Shane Decker DATE: 02/08/2024 ADDRESS: 5431-5441 Northwest 15th Street & 2003-2033 West Mcnab Road MARKET: Margate & Pompano Beach ASSET TYPE: Industrial BUYER: Fred Zorovich - ICS Real Estate SELLER: Shane Decker (@ShaneDecks) - Infinity Properties USA (@Infinity_Properties_USA); Jeffrey Pechter - Mindful Capital Group (@MindfulCapitalGroup) BROKERS: Dominic Montazemi (@DFMontazemi), Gregory Miller, Michael Ciadella (@MikeCiadella), Miguel Alcivar & Scott O'Donnell - Cushman & Wakefield (@CushWake) SALE PRICE: $15,100,000 SF: 72,258 ~ PPSF: $209 NOTE: Broward warehouse buildings, totaling 72,258 square feet in Margate and Pompano Beach, sold for $15.1 million. The sale, brokered by Cushman & Wakefield, offered an opportunity to acquire a recently repositioned small bay industrial portfolio in central Broward County at a discount to market replacement cost. 'Donnell

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Address5431-5441 Northwest 15th Street & 2003-2033 West Mcnab Road

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