The Real Deal Miami

Hollywood warehouse portfolio sells for $1.8 million

February 05, 2010 03:23PM

A Hollywood-based corporation has sold off a 12-warehouse portfolio,
dispatching the properties, which sit on seven separate parcels of
land north of Pembroke Road and east of State Road 7 in Hollywood, for
$1.8 million. Brokerage Marcus & Millichap Real Estate Investment
Services, handled the transaction, in which the buyer, a Coconut
Grove-based corporation, paid $41 a square foot. The entire portfolio
comprises 44,000 rentable square feet among 64 units. At the time of
the transaction, it was 90 percent occupied, according to the
brokerage. TRD