Cushman & Wakefield Facilitates $15.2M Sale Of McNab & Margate Small Bay Portfolio Industrial Buildings

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.