CBRE Arranges Acquisition of 28,000 SF Industrial Space in Margate, Florida, for 1031 Exchange Buyer

CBRE has facilitated the acquisition of 28,000 square feet of industrial space in Margate, Florida. A private investor purchased the property for $4.1 million.

Noah Ohayon with CBRE Industrial & Logistics secured the deal on behalf of a local private investor to satisfy their 1031 exchange. The property closed within 35 days of going under contract.

The sale includes three warehouse distribution spaces at 5445 Northwest 24th Street #2, and 5449 Northwest 24th Street #2 and #3. The spaces feature 24-foot clearance height and HVAC. At the time of sale, it was fully leased to Sulzer Ltd., a Swiss industrial engineering and manufacturing firm.

Mr. Ohayon has closed over $120 million in sales since he started his career in 2020.