The Real Deal Miami

Cold storage warehouse in Pompano sells at loss

Opa-Locka-based American Consolidation & Logistics was the buyer
David Kingston and the warehouse at 675 Southwest 12th Avenue in Pompano Beach

Kingston Companies CEO David Kingston and the warehouse at 675 Southwest 12th Avenue in Pompano Beach

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.