Mindful Capital Group purchased a Broward County warehouse for $17.8 million.
The 29,866 Sq Ft. property, positioned at 3600 NE 4th Avenue, sits between Dixie Highway and Oakland Park Boulevard in Oakland Park, Florida. The seller, OPIC LLC, bought the property for $7 million in 2014, per records.
Based in Delray Beach, Mindful Capital practices in the acquisition, repositioning, and management of industrial real estate assets in South Florida. Its holdings include 19 assets worth $200 million.
As per the Newmark market, the region saw its strongest quarterly performance in 11 years, and consumption for leasing jumped by 1 million square feet to 2.6 million between the first and second quarter of 2021.
Investment sales calculated more than $3 million Sq Ft., worth $451 million in the first half of 2021 as per the report. This was up from the 1.9 million Sq Ft., which traded for $277 million during the same time frame the previous year.