Marcus & Millichap Facilitates Sale of Pompano Beach Warehouse

POMPANO BEACH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment brokerage firm, has announced the sale of a 16,052-square foot industrial warehouse, according to Gene A. (photo at right) Berman, Managing Director of the firm’s Fort Lauderdale office.

The six-bay warehouse, located in the heavily industrialized corridor of Dixie Highway, demanded a sales price of $1,095,000. Ryan D. Nee, (photo at right below) an investment specialist in Marcus & Millichap’s Fort Lauderdale office represented the seller of the property, George and Eva Planakis. Nee and Roland Hodges (photo at left) of Roland Hodges & Sons in Fort Lauderdale, FL represented the buyer, 1080 South Dixie, Inc.

“Continued population growth and the limited supply of industrial zoned land in Broward County will provide upward pressure on rents. The investor will realize a substantial return from raising the rents to market value,” says Nee. The property is located at 1080 S Dixie Highway in Pompano Beach, Fla. (Pompano Beach skyline photo above)

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Ashley Steele

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Marcus & Millichap

5900 N. Andrews Avenue, Suite

100Fort Lauderdale, FL 33309

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Fax: (954) 245-3410