KEI Properties sells three industrial buildings in Pompano Beach

Berkeley Partners bought the buildings totaling 114,400 sf

Miami /
Oct.October 10, 2018 06:00 PM

Park Central Business Park and Marcus & Millichap’s Douglas Mandel and Tyler Kuhlman

KEI Properties just sold three industrial buildings within the Park Central Business Park campus in Pompano Beach for $15 million.

Berkeley Partners bought the roughly 114,400-square-foot industrial portfolio at 3600-3665, 3700-3790 and 3800-3890 Park Central Boulevard North for about $130 per square foot.

Its most recent purchase marks the company’s third acquisition in South Florida this year. The San Francisco-based investment firm focuses on acquiring light industrial facilities throughout the United States, according to its website.

Records show KEI Properties bought the three buildings in 2016 from Duke Realty, as part of a larger six-building portfolio sale totaling $14.5 million.

In the most recent sale, Marcus & Millichap’s Douglas Mandel and Tyler Kuhlman represented the seller, and advised the buyer. The three-building portfolio sold 100 percent occupied with asking rents averaging at about $15 per square foot, Mandel said.

Park Central Business Park is a 976,000-square foot, mixed-use development located between Sample Road and Copans Road, just west of the North Andrews Avenue extension.

Bridge Development Partners is also active in Pompano Beach. The firm is close to completing Bridge Point Powerline Road, a 468,000-square-foot industrial park at 1951 North Powerline Road.


Related Articles

arrow_forward_ios
1600 Northeast 12th Terrace
Triangle Services pays $17.5M for Fort Lauderdale industrial building
Triangle Services pays $17.5M for Fort Lauderdale industrial building
IMC Equity's Yorham Izhak with Festival Flea Market
Festival Flea Market Mall in Pompano Beach to be replaced with warehouses
Festival Flea Market Mall in Pompano Beach to be replaced with warehouses
From left: Harbor Group International's Jordan E. Slone and T. Richard Litton Jr. (sellers); Cottonwood Residential's Daniel Shaeffer and Chad Christensen; 4411 North Federal Highway in Pompano Beach (Cottonwood Residential, Harbor Group International, Google Maps, iStock)
Cottonwood buys Pompano Beach apartment complex for $95.5M
Cottonwood buys Pompano Beach apartment complex for $95.5M
From left: The Estate Companies' managing principal Robert Suris and principal Jeffrey Ardizon along with a rendering of Soleste Pompano Beach and a sitemap for Soleste Hollywood Boulevard (The Estate Companies)
Estate Companies’ Pompano Beach, Hollywood apartment projects advance
Estate Companies’ Pompano Beach, Hollywood apartment projects advance
Link Logistics' Luke Petherbridge with 115.7-acre site at 21001 Northwest 27th Avenue (LinkedIn, Google Maps)
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
Blackstone’s Link Logistics pays $291M for Calder’s horse racing track
EverWest Real Estate Investors' Rick Stone and Tyler Williams; rendering of the newly built industrial property at 10900 Northwest 146th Street in Hialeah Gardens (Commercial Property Group, EverWest Real Estate Investors, iStock)
EverWest buys Hialeah Gardens industrial building for $43M
EverWest buys Hialeah Gardens industrial building for $43M
First Industrial Realty's Peter E. Baccile with 1801 North Andrews Avenue (First Industrial Realty Trust, Colliers, iStock)
First Industrial picks up Pompano Beach manufacturing facility for $25M
First Industrial picks up Pompano Beach manufacturing facility for $25M
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...