Cold storage warehouse in Pompano sells at loss
An industrial property in Pompano Beach traded hands for $7 million, a $2 million loss from its last sale in 2007.
Records show that a company tied to American Consolidation & Logistics, a cold storage company based in Opa-Locka, was the buyer. Kingston Cross Dock & Cold Storage, at 675 Southwest 12th Avenue, is a 5.9-acre property just west of I-95.
The 55,847-square-foot cold storage warehouse last sold in December 2007 for $9 million. It was built in 1995, according to Broward County property records. The facility includes 12 separated coolers, forced air machines, a hydro cooler, eight shipping bays and three rail doors.
An affiliate of Kingston Companies, an Idaho Falls, Idaho-based firm was the seller. Kingston is a food service, logistics, green energy, real estate and media company, according to its website.
Another industrial warehouse sold recently in Pompano Beach. Great Eastern Acquisition Corporation acquired the 13,800-square-foot warehouse at Center Port Business Park for $1.63 million. Sperry Van Ness Commercial Realty’s Keith Kidwell, Les Byron Jr. and Steve Davis represented the seller in the deal, according to a press release.