1901 Mears Parkway is an industrial property located in Margate, featuring two buildings with a total size of 48,000 square feet. The sale price was $11,000,000, with a price per square foot of $229. The property is strategically situated near I-95, Florida Turnpike, and Sawgrass Expressway, benefiting from accessibility to the broader Broward County and Palm Beach County markets. The buildings offer small bay units ranging from 1,000 to 8,000 square feet, characterized by high ceiling heights and ample parking.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,000,000
• Address: 1901 Mears Parkway
• Market: Margate
• Square Footage: 48,000
• Price per Square Foot: $229
• Buyer: Albert Fitch & Kevin Bramhall - The STRO Companies & KRE Group
• Seller: Berkeley Partners
• Broker's: Cody Brais & Luis Castillo - JLL

Key individuals involved in this transaction include Albert Fitch, the Managing Director of Acquisitions and Capital Markets at STRO, and Kevin Bramhall, the Director of Southeast Acquisitions at STRO, who expressed enthusiasm about the acquisition as part of their strategy to acquire infill small and shallow bay logistics properties. They highlighted the collaborative efforts of the brokers and the seller that facilitated the closing of this transaction.