Berger Commercial Realty broker Steve Hyatt recently represented BD & D Investment Company, LLC in the $14.75 million sale of a 15.85-acre auto dealership property, located at 8252 South Broadway in Littleton, Colo., to AutoNation, which had been previously leasing the property.
This is the third transaction Hyatt completed for dealership group BD & D Investment Company, which hired him to handle the disposition of several automotive properties across the country. In 2012, he closed the $8.425 million sale of a 4.2-acre property in Bellevue, Wash., including a 34,000-square-foot automobile dealership leased to AutoNation, and in 2011, he closed the $6 million sale of a 7.2-acre automotive dealership site in the Denver area to CarMax Auto Superstores.
Hyatt specializes in automotive real estate. He currently represents several of the largest dealership groups in South Florida, including brands such as Audi, BMW, Chevrolet, Toyota and Chrysler/Jeep/Dodge. He is active in investment sales and continues to work with and meet the real estate needs of numerous automotive retailers and automobile manufacturers across the country.
Prior to his role as Senior Vice President at Berger Commercial Realty, Hyatt served as Vice President of Corporate Development at AutoNation from 1996 through 2008, where he was responsible for the acquisition and/or disposition of more than 175 automobile dealerships in 17 states.
About Berger Commercial Realty
Founded in 1998, Berger Commercial Realty is a full service commercial real estate firm. A local, independent and privately-owned firm, Berger can customize services and adapt to clients needs and the ever changing real estate market. Services include brokerage/tenant and buyer representation, property management, agency/project leasing, capital advisory / investment sales, construction/project management, and retail services. The company established a dedicated division, Berger Special Assets, to serve as receiver and enhance the value of distressed properties by providing expert management, leasing and sales representation on behalf of lenders and financial institutions. For more information, visit bergercommercial.com.