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 is a global network comprised of privately held entrepreneurial commercial real estate firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide.