Berger Commercial Realty/Corfac International (BCRC) Senior Vice President Joseph P. Byrnes and Senior Sales Associate John Forman represented seller Seymour Realty 1601, LLC in the sale of 1.68 acres located at 1621 N. Dixie Highway in Pompano Beach. The vacant land parcel is located at the corner of N. Dixie Highway and NW 16th Street, across from the Goodyear Blimp Hanger.
Color Factory, Inc., represented by Severino Rodrigues with Genesis Commercial Group, Inc., paid $2,005,000 for the property, with plans to build a cabinetry fabrication facility. The price equates to nearly $1.2 million per acre.
“The price will support future industrial land sales for over $1.2 million per acre, especially hard-to-find industrial zoned land like this parcel,” commented Byrnes.
The transaction marks the second sale of the parcel, which is one of the last remaining industrial zoned parcels on N. Dixie Highway, by BCRC in the last five years.
The Property is in close proximity to I-95, and the Florida Turnpike, and many other major roadways throughout the County and South Florida. The Property has an industrial zoning in the City of Pompano Beach.
About Berger Commercial Realty/CORFAC International: Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.
About CORFAC International: CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.