Fort Lauderdale, FL
CBRE Arranges Acquisition of 28,000 SF Industrial Space in Margate, Florida, for 1031 Exchange Buyer
April 17, 2024
Media Contact
Corp Communications Manager
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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.