Berger Commercial Realty’s Jordan Beck Negotiates Sale/Purchase Of Pompano Beach Industrial Facility
Berger Commercial Realty/Corfac International Sales Associate Jordan Beck represented the seller, RM-JM Enterprises, as well as the buyer, Auburn Manor LLC, in the sale and purchase of a 31,600-square-foot industrial property.
The 1986-built property, which is situated on 1.65 acres at 1301 SW 2nd St. in Pompano Beach traded for $6,150,000.
The seller, which operates a business, Roadway Tire, at the property, will be leasing back 22,000 square feet. The buyer plans to stabilize the remainder of the property with one additional tenant.
“The property sold at a great price and the transaction worked out optimal for all parties,” commented Beck. “The buyer was able to fulfill a 1031 exchange while the seller was able to divest from the property and continue to operate his business at the location.”
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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.
