Conness Crissy Real Estate Advisors Completes Sale Of Cold Storage Facility In Pompano Beach

Nov 29, 2018 No Comments by

Conness Crissy Real Estate Advisors’ (CCREA) Patrick Conness and Mike Crissy represented the seller in the sale of 1258 Hammondville Road in Pompano Beach.

The 1976-built facility is a 21,535-square-foot refrigerated warehouse building situated 2.93 acres minutes west of I-95 at the intersection of Hammondville Road and Andrews Avenue and features 12 dock high loading positions and an oversized lot with ample trailer/truck storage.

Crissy and Conness

Twin Rose Cold Storage paid $2,850,000 for the asset, which equates to $132 per square foot, and plans to continue operating the property as a cold storage distribution facility.

The sale closed October 15.

The deal represents CCREA’s fifth industrial transaction in the Pompano Beach submarket this year.

 

“The average price per square foot of the transactions we’ve completed this year is $144 per square foot, further demonstrating the strength of the industrial market, where buyer-demand remains extremely high” commented Conness.

Conness Crissy Real Estate Advisors is a boutique brokerage and advisory firm based in Fort Lauderdale, Florida. Focusing on the middle-core market, CCREA provides personalized guidance to property owners and businesses locally to help them achieve their real estate-focused goals.

 

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Broward County Industrial / Flex, Industrial / Flex, Industry News
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