Press Releases
Marcus & Millichap Announces $9.36 Million Sale of Hollywood Industrial Portfolio
November 28, 2023
HOLLYWOOD, Fla., Nov. 28, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a Hollywood Industrial Portfolio in Hollywood, Florida. The properties sold for $9,360,000.
Doug Mandel and Zachary Levine, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, Holly 1, LLC.
The 44,400-square-foot portfolio, located at 5801 Dawson St. and 5660 Rodman St., occupies nearly two full acres north of Pembroke Road and east of State Road 7. Positioned near major thoroughfares including Interstate-95 and Florida’s Turnpike, the 12-building, small bay properties boast a 92% occupancy rate. The 61 units within the portfolio range from 450 to 1,500 square feet and are zoned for IM-2, allowing for industrial automotive use.
Doug Mandel and Zachary Levine, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, Holly 1, LLC.
The 44,400-square-foot portfolio, located at 5801 Dawson St. and 5660 Rodman St., occupies nearly two full acres north of Pembroke Road and east of State Road 7. Positioned near major thoroughfares including Interstate-95 and Florida’s Turnpike, the 12-building, small bay properties boast a 92% occupancy rate. The 61 units within the portfolio range from 450 to 1,500 square feet and are zoned for IM-2, allowing for industrial automotive use.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
