Tag Archive for: whispering lakes business park

Tom Robertson

Tom Robertson

Michael Rauch

Michael Rauch

Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Rauch, Lupo, Robertson & Co. recently completed the sale of an industrial property located at 2150 NW 33rd Street in Pompano Beach.

The 1988-built, 15,656-square-foot facility, which is situated on 1.02 acres, is located within the Whispering Lakes Industrial Park near Sample Road and Powerline Road in Pompano.

2150_NW_33_Street - 2Allied Bingo Supplies of Florida, Inc. purchased the property from ACE Investment Holdings, LLC for $1,430,000, or $91.34 per square foot.

Rauch and Robertson represented ACE Investment Holdings in the transaction. After multiple offers, the acquisition took just over 45-days to complete.

ā€œOur firm is currently working with several prospective buyers that are actively looking for industrial user properties between 15,000 and 25,000 square feet with dock or ground level loading,ā€ commented Robertson. ā€œThis is an optimum time for an owner to consider selling.ā€

ā€œThe industrial market In Broward County has been tightening since 2013 as values and rents have increased steadily over this period,ā€ added Rauch. ā€œThis tightening has made it more difficult for owner/users to find a suitable property and has been the primary reason for the increasing values.ā€