Cushman & Wakefield Facilitates $15.2M Sale Of McNab & Margate Small Bay Portfolio Industrial Buildings | Scott O'Donnell, Michael (Mike) Ciadella, Miguel Alcivar, Dominic Montazemi, Gregory (Greg) Miller | Industrial | Sale

Summary

Sale

NATIONAL

Industrial

73,673 sqft

The McNab & Margate Small Bay Portfolio, consisting of four industrial buildings totaling 73,673 square feet, has been sold for $15.2 million in Pompano Beach and Margate, Coconut Creek, and Coral Springs. The industrial asset offers a prime investment opportunity in Broward County's industrial market, which is experiencing strong tenant demand and limited supply. The sought-after locations of Pompano Beach and Margate contribute to the attractiveness of this asset.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $15,175,000
Square Footage: 73,673
Price per Square Foot: $206
Market: Pompano Beach & Margate, Coconut Creek & Coral Springs

Cushman & Wakefield played a dual role as both the seller and buyer representative in the $15.2 million sale. The broker team involved in the transaction includes Dominic Montazemi, Gregory Miller, Michael Ciadella, Miguel Alcivar, and Scott O’Donnell from Cushman & Wakefield. With their expertise, they facilitated the successful deal, capitalizing on the positive investment climate in Broward County's industrial market.

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 DATE: 02/08/2024 ADDRESS: McNab & Margate Small Bay Portfolio MARKET: Pompano Beach & Margate, Coconut Creek & Coral Springs ASSET TYPE: Industrial BROKERS: Dominic Montazemi (@DFMontazemi), Gregory Miller, Michael Ciadella (@MikeCiadella), Miguel Alcivar & Scott O’Donnell (@JScottod)- Cushman & Wakefield (@CushWake) SALE PRICE: $15,175,000 SF: 73,673 ~ PPSF: $206 NOTE: Cushman & Wakefield arranged the $15.2 million sale of McNab & Margate Small Bay Portfolio, consisting of four industrial buildings totaling 73,673 square feet, serving as both seller and buyer representative. Director Greg Miller emphasized the opportunity for investors in Broward County's industrial market, driven by robust tenant demand and limited supply, particularly in sought-after locations like Pompano Beach and Margate.

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