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| Lauderhill, FL Warehouse,1711 NW 38th Avenue. |
LAUDERHILL, FL, Jan. 2, 2013 – Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of Lauderhill Industrial Portfolio,
a three building small bay warehouse portfolio located in Lauderhill, FL. The
asset commanded a sales price of $2,400,000.
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.
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| Douglas K. Mandel |
The buyer, a private investor from
Plantation, FL was secured and represented by Mandel and Zeifman.
Lauderhill Industrial Portfolio is a three building small
bay warehouse portfolio totaling 102,641 square feet. The portfolio was 57
percent occupied at the point of sale and the majority of the units are 1,200
to 2,000 square feet.
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| Greg Zeifman |
Completed in 1980 and 1982, the buildings are situated on
3.22 acres, have grade level loading, 18’ clear heights, with a mix of twin-T
and bar joist roofs.
The buildings had significant deferred maintenance,
including roofs in need of replacement, and were sold in “as is” condition with
the buyer assuming all deferred maintenance items. Lauderhill Industrial Portfolio is located at 1711 NW 38th
Avenue.
Press Contact:
Gregory Matus
Vice President/Regional Manager,
Ft. Lauderdale, FL
(954) 245-3400
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