Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Fort Lauderdale Mixed-Use Property
Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the seller, Bennett-Stone Foundation, Inc., in the sale of its mixed-use property located at 1527 SW 1st Avenue in Fort Lauderdale, Florida.
Car Museum First Avenue, LLC, led by Steven Halmos, paid $4,150,000 for the former Fort Lauderdale Antique Car Museum Building.
The deal closed March 18.
The 21,000-square-foot building is situated on a 40,367-square-foot parcel of land. The museum is a reproduction of a Packard automobile showroom from the 1920s featuring beautiful, vaulted ceilings, wood beams and specialty flooring. The future mixed-use project will utilize the existing building.
“The South Andrews area has seen a recent uptick in activity with new multifamily housing, new retail and restaurants and the continued expansion of the Broward Health Medical Campus,” explained Hyatt.
Hyatt was the only broker involved in the transaction.
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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.
