Press Releases
Marcus & Millichap Brokers Sale of $11.4M Industrial Property in West Palm Beach, Florida
October 07, 2026
WEST PALM BEACH, Fla., Oct. 7, 2026 – 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 Landmark Small-Bay Auto Center, a four-building property in West Palm Beach, Florida. The asset sold for $11.4 million.
“We continue to see strong demand for well-located industrial properties throughout South Florida, particularly for functional, multi-tenant small-bay assets that cater to a broad range of local businesses,” said Zach Levine, Director Investments in Marcus & Millichap's Fort Lauderdale office. “Landmark Small-Bay Auto Center generated significant interest from both local and out-of-market investors given its location, strong occupancy and diverse tenant base,” continued Douglas Mandel, Executive Managing Director in Marcus & Millichap’s Fort Lauderdale Office.
Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap exclusively marketed the property on behalf of the seller, PMD Capital Management, and procured the buyer, Pugliese Creative Ventures.
The property at 2348-2360 N. Military Trail spans 43,125-square-feet on a 4.2-acre lot. Suite sizes range from approximately 1,700 to 7,300 square feet. The property was built in 1989 and includes 54 grade-level loading bays with overhead doors, three two-way entrances and 160 parking spaces. Landmark Small-Bay Auto Center is fully occupied by 12 tenants. Approximately two-thirds of the tenancy is comprised of automotive users, and the rest are a mix of retail, service-oriented and traditional small-bay industrial tenants.
The property is situated along one of West Palm Beach’s primary commercial corridors, adjacent to Keiser University and close to Interstate 95 and Okeechobee Boulevard. Nearby amenities include shopping centers, restaurants and other service-oriented businesses.
“We continue to see strong demand for well-located industrial properties throughout South Florida, particularly for functional, multi-tenant small-bay assets that cater to a broad range of local businesses,” said Zach Levine, Director Investments in Marcus & Millichap's Fort Lauderdale office. “Landmark Small-Bay Auto Center generated significant interest from both local and out-of-market investors given its location, strong occupancy and diverse tenant base,” continued Douglas Mandel, Executive Managing Director in Marcus & Millichap’s Fort Lauderdale Office.
Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap exclusively marketed the property on behalf of the seller, PMD Capital Management, and procured the buyer, Pugliese Creative Ventures.
The property at 2348-2360 N. Military Trail spans 43,125-square-feet on a 4.2-acre lot. Suite sizes range from approximately 1,700 to 7,300 square feet. The property was built in 1989 and includes 54 grade-level loading bays with overhead doors, three two-way entrances and 160 parking spaces. Landmark Small-Bay Auto Center is fully occupied by 12 tenants. Approximately two-thirds of the tenancy is comprised of automotive users, and the rest are a mix of retail, service-oriented and traditional small-bay industrial tenants.
The property is situated along one of West Palm Beach’s primary commercial corridors, adjacent to Keiser University and close to Interstate 95 and Okeechobee Boulevard. Nearby amenities include shopping centers, restaurants and other service-oriented businesses.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
