BLUSV FL Acquires Industrial Asset In Deerfield Beach For $15.21M With Seller's Rep Michael Scarpino

The transaction involved the sale of an industrial warehouse building located at 1471 W Hillsboro Blvd, Deerfield Beach, in the Manchester market. The property is comprised of 71,820 rentable square feet and was sold for $15,210,000, equating to $211.78 per rentable square foot. The building is situated on the north side of West Hillsboro Boulevard, a highly trafficked area, and is positioned immediately west of Interstate 95 in Broward County. At the time of sale, the Dolphin Carpet & Tile Building was 57% leased, with one available space totaling 30,800 square feet. The structure, originally built in the mid-seventies, underwent renovations approximately five years prior to the sale.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,210,000
• Address: 1471 W Hillsboro Blvd, Deerfield Beach
• Square Footage: 71,820
• Market: Manchester
• Seller's Representative: Michael Scarpino
• Buyer: BLUSV FL
• Seller: Manilla 12 Associates, LLC

Michael Scarpino, CCIM, Broker/President of Scarpino Commercial Real Estate Services, Inc., represented the seller in this transaction. The buyer, BLUSV FL, who was not represented by a broker, is actively pursuing multi-tenant industrial properties within the South Florida and Orlando markets. This global real estate investment firm focuses on acquiring and developing a variety of property types, including modernized industrial spaces.