NAI RWNK & Co.’s Morrison Negotiates Sales Of Small-Bay Warehouses

Written by on 04.11.17 in Done Deals, Industrial, Investment Trends - No comments
Frank Morrison

NAI Rauch Weaver Norfleet Kurtz & Co. announced that Frank Morrison, Commercial/Industrial Real Estate Specialist, represented the sale of a 17-bay, 22,700-square-foot small-bay warehouse located at 5400 NW 10th Terrace in Fort Lauderdale.

5400 Industrial Inc. sold the asset to Seva Florida Properties Ltd. for $1,700,000.

Morrison, who specializes in small-bay warehouses, reports that demand for this product type is very strong.

“This sale is the latest of several recent small-bay warehouse transactions we’ve represented in South Florida, demonstrating a clear demand for commercial space in this sector.”

The sale represents the second small-bay warehouse sale in as many weeks.

Last week, Morrison negotiated the sale of a 7,200-square-foot small-bay warehouse located at 521-527 NE 26 Court in Pompano Beach.

Blue Can Properties purchased the property from Horn Land Trust for $510,000.

Morrison represented both parties in the transactions.

 

 

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