3465 NW 19th St.
Update
01/31/23
Lauderdale Lakes Industrial Portfolio Sold for $65M
Berger Commercial Realty/Corfac International Sales Associate Jordan Beck represented the seller, Pompano/Lincoln Industrial Ltd, in the sale of a 355,000-square-foot, small bay industrial portfolio located at 3465 NW 19th St. in Lauderdale Lakes, Florida.
Odan Capital paid $65,800,000 for the buildings. The property is situated on approximately 17 acres.
The transaction closed January 10.
“The property was originally under contract in early 2022, but the buyer pulled out due to rising interest rates,” explained Beck. “Once put back under contact with the new buyer, Odan Capital, it took an incredible amount of resiliency from both buyer and seller to stay engaged in the deal in a continually changing market. This deal is a representation of the fact that small bay warehouse product in South Florida continues to be in high demand, both from an acquisitions standpoint and a leasing standpoint.”
