Cold storage warehouse in Pompano sells at loss

Opa-Locka-based American Consolidation & Logistics was the buyer

TRD MIAMI /
Jul.July 07, 2015 12:45 PM

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.


Related Articles

arrow_forward_ios
First Industrial Realty Trust CEO Peter E. Baccile, 1001 Northwest 12th Terrace and 1021 Northwest 12th Terrace in Pompano Beach (Credit: Google Maps)

First Industrial Realty picks up two properties in Pompano Beach

Pompano Beach imposes six-month moratorium on self-storage development (Credit: iStock)

Hold onto your stuff: Pompano Beach suspends self-storage development

Hank Freid and Marriott Fort Lauderdale Pompano Beach

Hank Freid buys Marriott-branded Pompano Beach hotel for $44M

Rendering of Cavache Properties’ Old Town Square

Cavache Properties scores CRA funding for Pompano project

Rendering of the project (Credit: Point Publications)

Cordish Companies, partner plan huge redevelopment of casino and horse racing track

Wayne Goldberg and a rendering of Sabbia Beach

Former La Quinta CEO sues Sabbia Beach development group over construction delays

Daniel Lebensohn and Seabonay Beach Resort (Credit: iStock)

Seabonay Beach Resort federal lawsuit ends in $3.5M verdict

JV Acquisitions Jaime Godur and Pompano Beach Festival Flea Market

Agents sue over alleged unpaid commissions on sale of Festival Marketplace in Pompano Beach

arrow_forward_ios