Transaction Announcement
December 1, 2025 • Berger Commercial Realty
Berger Commercial Realty announced that Senior Vice President Jordan Beck represented the private buyer group in the $19,250,000 purchase of a three-building industrial portfolio along NW 38th Avenue in Lauderhill.
Portfolio Overview
The 104,000-square-foot portfolio, sold by Israel Family 38th Ave Warehouses LLC, spans three contiguous properties:
- 1703–1745 NW 38th Ave, Lauderhill, FL
- 1774–1812 NW 38th Ave, Lauderhill, FL
- 1823–1853 NW 38th Ave, Lauderhill, FL
Configuration & Tenant Mix
The property features retail storefronts along NW 38th Avenue, with small-bay industrial units wrapping the rear and sides—an increasingly sought-after configuration given strong demand for service-oriented and small-format industrial spaces.
Investment Thesis
Currently 80% occupied by a mix of retail and industrial tenants, the portfolio offers stable in-place cash flow with meaningful upside through leasing and capital improvements. The buyer plans a long-term hold, focusing on strategic enhancements and activating vacant units to maximize value.
Relationship-Driven Results
This transaction marks a full-circle achievement for Beck, who sold the same portfolio to the seller just one year ago. Leveraging deep market relationships and knowledge of the asset’s positioning, he identified a sophisticated buyer capable of executing a targeted improvement and lease-up strategy.
“This deal showcases what strong relationships and market insight can achieve. The buyer recognized the portfolio’s unique combination of stabilized income and future potential, and we’re excited to see the next phase of improvements take shape.”
— Jordan Beck, Senior Vice President
Why Small Bay Industrial Space Matters in South Florida
Small bay industrial properties have become one of the most competitive segments of the South Florida industrial market. According to recent market data, the majority of leases signed across the region are under 30,000 square feet, highlighting strong demand from logistics, service, and distribution users seeking smaller warehouse units.
That demand continues to support investor interest in well-located small bay industrial assets throughout Broward, Miami-Dade, and Palm Beach counties. Properties that offer flexible unit sizes, functional loading, and strong access to major transportation corridors are especially attractive to both tenants and buyers.
For additional insight into this sector, visit Berger Commercial Realty’s Small Bay Industrial Space in South Florida page.
What Is Small Bay Industrial Space?
Small bay industrial space generally refers to warehouse and industrial units designed for smaller users, often including local distributors, contractors, e-commerce operators, service businesses, fabricators, and light industrial tenants. In South Florida, small bay properties remain in high demand because they offer functional space in a size range that serves a large share of the regional tenant base.
Why Investors Target Small Bay Portfolios
Investors continue to target small bay industrial portfolios in South Florida because these assets can provide diversified tenancy, steady cash flow, mark-to-market leasing opportunities, and long-term value creation through operational improvements and strategic repositioning. In many cases, small bay assets also benefit from broad tenant demand across multiple industries rather than reliance on a single large occupier.
Recent Small Bay Industrial Transaction in Lauderhill
This Lauderhill portfolio sale reflects continued momentum in the South Florida small bay industrial market. With a mix of retail frontage, rear small bay industrial units, existing income, and lease-up upside, the property represents the type of flexible industrial investment that continues to attract attention from sophisticated private buyers.
About Berger Commercial Realty
Berger Commercial Realty is a full-service commercial real estate firm and trusted advisor in South Florida’s dynamic market, specializing in investment sales, landlord and tenant representation, and property management. Learn more at bergercommercial.com or call 954-358-0900.
Frequently Asked Questions
What is small bay industrial space?
Small bay industrial space typically refers to smaller warehouse or industrial units used by local and regional businesses for storage, distribution, service operations, light manufacturing, and related uses.
Why is small bay industrial space in demand in South Florida?
Small bay industrial space is in demand in South Florida because many tenants need flexible warehouse units under 30,000 square feet, especially near major highways, airports, and population centers.
Why do investors pursue small bay industrial portfolios?
Investors pursue small bay industrial portfolios for their diversified income, leasing upside, strong tenant demand, and long-term value potential in constrained industrial markets.
Who handles small bay industrial investment sales in South Florida?
Berger Commercial Realty handles small bay industrial investment sales, leasing, and advisory services throughout South Florida.
Related Resource
Explore Berger Commercial Realty’s market insight page on small bay warehouse demand, leasing trends, and why these properties continue to outperform in South Florida.
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 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. Services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. Call 954-358-0900 or visit bergercommercial.com.
About CORFAC International
CORFAC International is comprised of privately held entrepreneurial firms specializing in office, industrial, and retail leasing and investment sales, multifamily acquisitions and dispositions, property management, and corporate services. With 60 North American offices and 20 international offices, its member firms complete thousands of transactions annually. Learn more at corfac.com.