Michael Rauch and Tom Robertson, Senior Managing Partners with CRE Florida Partners, represented the owners, T.G. Wright Jr. Properties LLC, in the sale of an industrial investment property located at 2150-2160 N. Andrews Ave. in Pompano Beach, Florida.

The ±16,438 square foot facility, which is situated on ±1.25 acres fronting Andrews Ave with easy access to Copans Rd.and I-95, sold for $1,515,000, or $92.16 per square foot on a 6.8% cap rate.

Built in 1984, the building features 24’ warehouse clear height, storefront hurricane grade windows, 1 dock loading door and 2 grade level loading doors.

CRE Florida Partners has represented the owners of this property since 2014.

“General industrial inventory is low in South Florida and this sale represented an opportunity for the buyer to enjoy a strong 6.8% cap rate and very competitive $92.16 price per square foot,” commented Rauch.

CRE Rauch, Robertson & Co. is seeking leasing and investment sales professionals for its growing commercial real estate expansion in Broward and Palm Beach counties. Multiple positions are available within these and other Florida markets that offer a unique ground floor career opportunity to work closely with the firm’s Founders Tom Robertson and Michael Rauch to move their vision for the CRE Florida Partners brand forward. Commission and benefits are commensurate with experience. A Florida Real Estate License and Commercial Real Estate experience are required. Only qualified candidates should apply by forwarding resumes to mail@crefloridapartners.com.

About CRE Rauch Robertson, a CRE Florida Partners Company: CRE Florida Partners, LLC, is a commercial real estate company providing Brokerage Services, Investment Services, Private Equity & Trust Services, Corporate Representation, Property & Asset Management, and Valuation & Advisory Services and serving Broward, Palm Beach, Martin, St. Lucie, Indian River and Brevard Counties. For more information, please call 954-242-2806 or 561.703.0888 or visit http://www.crefloridapartners.com.