Berger Commercial Realty/Corfac International Senior Vice Presidents Keith Graves, CCIM and St. George Guardabassi and Sales Associate James Karrat represented seller 1500 South Dixie, LLC in the sale of two industrial buildings located at 1500 S. Dixie Highway and 1610 S Dixie Highway in Pompano Beach, Florida.
Pompano Crown LLC, represented by Barry Katz, with Global Connections Realty, Inc., purchased the buildings for $3,330,00, with plans to renovate and re-lease the currently vacated space. The buildings were previously occupied by Smith Manufacturing, which operated out of both buildings.
The deal closed January 28.
“This transaction marks a renewed interest in Pompano Beach, and specifically this corridor of Dixie Highway,” explained Graves. “Pompano Beach has taken a proactive approach to development and zoning and we look for continued regentrification in the area. Examples include a new multi-family / mixed use complex across the street, which will transform the former salvage yard into a thriving Arts and Industrial area that Pompano Beach is striving for.”
Totaling 34,522 square feet, both buildings are situated on approximately 1.4 acres of land. The 1610 S. Dixie building comprises 25,180 square feet of industrial warehouse space and 2,700 square feet of office space. The building features 8 large hurricane-resistant street level overhead doors, 16′ clear height, 2 overhead crane rails, 3 phase heavy electrical power and windows in a portion of the warehouse for natural lighting. The 1500 S. Dixie building, which totals 9,342 square feet, is more of a flex property that includes office and warehouse space that features ten bays and offers complete access on all four sides for parking and loading. The buildings provide unmatched visibility, convenient access to major roadways and provide an excellent value for the buyer.