Berger Commercial Realty’s Jordan Beck Negotiates Sale Of 8-Building Portfolio In Oakland Park
Berger Commercial Realty/Corfac International Vice President Jordan Beck represented the seller, INFINITY OAKLAND PARK INDUSTRIAL LLC, an entity managed by Shane Decker and Brett Schlachter, in the sale of an 8-building small-bay warehouse portfolio located in Oakland Park, Florida.
Dependable Equities, an entity managed by Isaac Schlesinger, intends on holding the property long term as an investment.
The portfolio, which totals 65,000 square feet, includes the following buildings:
4760-4774 NE 12th Ave, a 12,982-square-foot industrial/warehouse
4801 NE 12th Ave, a 6,127-square-foot flex building
4820-4826 NE 12th Ave, a 5,000 square foot industrial/warehouse
4828-4840 NE 12th Ave, an 8,282-square-foot flex building
4850 NE 12th Ave, a 5,611-square-foot flex/light distribution building
4852-4856 NE 12th Ave, a 6,879-square-foot flex/light distribution building
4860-4864 NE 12th Ave, a 4,855-square-foot
and 4861-4875 NE 12th Ave, a 3,939-square-foot industrial warehouse
The buildings, which were built in 1967-1971, are currently occupied by a variety of small businesses that occupy 1,500-3,000-square-foot units and are conveniently located within 20 minutes of Fort Lauderdale–Hollywood International Airport.
“This addition supplements their existing portfolio pretty well,” commented Beck. “We sold them 64,000 square feet about 2 minutes away from this new portfolio a couple of years ago.”
The portfolio was purchased by Decker and Schlachter in November 2021 for $8,000,000.
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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 is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada, and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand, and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.
About Infinity Properties: Known for its vertical integration and industry leading property and asset management, Infinity Properties stands out as a the top buyer and operator in the light and shallow bay industrial real estate sector. Over the past three years, the company has swiftly added a remarkable 1.5 million square feet to its Florida portfolio, solidifying its position as a leading expert in this niche asset. As they ambitiously extend their presence across the nation, Infinity Properties remains the preferred choice for Seller’s who want a smooth and easy transition of their asset. For new deals please email Shane Decker at Shane@infinityproperties.com.
