Jarret Cohen Of Jadian Capital Acquires Industrial Facility From Tim Ortman For $23.12M

The industrial facility located at 1590 North Andrews Avenue in Pompano Beach, Florida, encompasses 35,100 square feet and is situated on 7.7 acres. The sale was finalized for $23,120,000, equating to a price per square foot of $659. The property was previously acquired by Oldcastle APG South for $3.9 million in 2012 and currently functions as a showroom, outdoor display, and Belgard distribution facility.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $23,120,000
• Buyer: Jarret Cohen - Jadian Capital
• Seller: Tim Ortman - Oldcastle APG South
• Market: Pompano Beach, FL
• Acres: 7.7
• Square Footage: 35,100
• Price per Square Foot: $659

Tim Ortman represented Oldcastle APG South in the transaction, while Jarret Cohen represented Jadian Capital, the buyer, through its affiliate 1590 N. Andrews LLC. This deal underscores the active interest in industrial properties within the Pompano Beach market.