Berger Commercial Realty/Corfac International Senior Sales Associate John Forman and Sales Associate James Karrat represented sellers Charles J. Sobolewski and Kirk Sobolewski in the sale of a 25,971-square-foot office/flex building situated on 81,791 square feet of land located at 1291 SW 29th Avenue in Pompano Beach.
Peter Bizarro paid $2,700,000 for the property with plans to utilize the property as an investment.
Verizon Wireless and Micro Typing Systems currently occupy the property, which has been family owned since 2002.
The deal closed August 4.
“This transaction marks another transformative purchase amid the influx of growth in Pompano Beach,” commented Karrat. “The city is growing and expanding its presence further South and West.
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 is zoned I-1 (General Industrial) 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.