Value Store It Management Acquires Industrial Property In North Lauderdale For $12M

Value Store It Management has acquired an industrial property located at 7600 West McNab Road in North Lauderdale. The property, measuring 200,000 square feet, was purchased from SS McNab LLC for a total price of $12,000,000. This translates to a price per square foot of $60, making it an attractive investment opportunity in the industrial market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,000,000
• Square Footage: 200,000
• Address: 7600 West McNab Road
• Market: North Lauderdale

Todd Ruderman represented Value Store It Management as the buyer in this transaction. On the seller's side, Thomas Richerson acted as the representative for SS McNab LLC. The deal was successfully closed on December 9, 2019, marking a significant transaction in the industrial property market.