Florida & Gulf Coast + South Florida + Industrial | June 1, 2021

CushWake Brokers $17M Sale of Fort Lauderdale Warehouse

Cushman & Wakefield has arranged the $17 million sale of a 155,508-square-foot industrial asset in Fort Lauderdale.

Located at 6001 Powerline Road, the property is less than a mile from Interstate 95. Built in 1970, the facility features 221 parking spaces, 32-foot clear heights and showroom space. The property was 67% occupied at the time of the sale.

Cushman & Wakefield’s South Florida Industrial Team of Rick Etner, Chris Metzger, Christopher Thomson and Matt McAllister represented the seller, Urso Family Realty, in the transaction. The buyer is 6001 Powerline LLC.

“Urso Family Realty listed this property with us after Charles Urso sold his company, Marble of the World, which previously occupied 65,000 square feet in the building,” said Etner. “Despite the significant vacancy, not to mention the challenge of finding a buyer during a pandemic, we are pleased to have closed this sale for very close to the list price.”

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CushWake’s Etner

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.