Berger Commercial Realty/Corfac International President Lloyd C. Berger, along with Senior Vice President Keith R. Graves, CCIM and Senior Sales Associates John Forman and Jonathan Thiel represented the seller, Merrill Industrial Center Inc., in the sale of a 142,000-square-foot warehouse park located at 3400-3406 SW 26th Street within Port 95 in Dania Beach, Florida.
Seagis Property Group LP paid $24,585,000 for the asset.
Located just south of State Road 84 and just west of I-95, the property consists of 3 multi-tenant warehouse buildings featuring 4,000-8,000-square-foot units with dock loading wells and ramped loading doors. The units have a store front entrance with rear loading.
“This sale was bittersweet. MIC was among the first managed/leased properties when we started 23 year ago. We are pleased we were able to connect to important clients on this transaction.,” commented Berger.
Lloyd Berger has been involved with the project since 1988, representing the family that has owned the park since its development. Berger Commercial Realty has been retained to manage and lease the park.
Merrill Industrial Center offers convenient access to State Road 84, I-95, I-595, Florida’s Turnpike, Fort Lauderdale International Airport and Port Everglades. The property is located centrally between Palm Beach and Miami-Dade Counties.
Seagis Property Group LP owns and operates over 11.8 million square feet of industrial buildings in New Jersey, New York City, and Miami-Dade/Broward.
About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.