Sunday, December 9, 2012

Marcus & Millichap Sells Pompano Beach, FL Showroom/Warehouse Building for $3.25 Million



Powerline Industrial Showroom/Warehouse
POMPANO BEACH, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Powerline Industrial, a 78,936-square foot showroom/warehouse facility located in Pompano Beach, FL. The asset commanded a sales price of $3,250,000.

Vice President Investments Douglas K. Mandel in Marcus & Millichap’s Ft. Lauderdale office and Senior Associate Greg Zeifman in the firm’s Miami office had the exclusive listing to market the property on behalf of the seller, a limited liability company from Miami, FL. 

Douglas K. Mandel
The buyer, a limited liability company from Hallandale, FL, was secured and represented by Mandel and Zeifman. 

Powerline Industrial is a class-B showroom/warehouse facility designed to accommodate retail/showroom tenants in the front of the property and warehouse/industrial tenants in the rear.

The property is configured with 14 suites, eight of which are retail/showroom suites and six are warehouse units. The ground-level space consists of 63,127 square feet and the second-level mezzanine and office space account for 15,809 square feet.

Greg Zeifman
Located at 1711 N. Powerline Rd., Powerline Industrial is ideally situated with direct frontage on Powerline Road, less than a half-mile to the east and west of Interstate 95 and Florida’s Turnpike, respectively.

Press Contact:

Gregory Matus
Vice President/Regional Manager,
 Ft. Lauderdale
(954) 245-3400

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