Fort Lauderdale, FL – October 5, 2020
Pompano Ford Lincoln, Inc., in the purchase of a retail property located at 2860-2890 NE 17 Avenue in Pompano Beach, Florida.
The 5,460-square-foot building, which is situated adjacent to Pompano Ford Lincoln, a Holman Automative Group-owned car dealership, was purchased for $790,000.
RT. Hinton LLC was the seller.
The deal closed September 15.
The buyer intends to demolish the 1966-built, single story building to make way for a future dealership expansion.
With more than 30 years of experience in commercial real estate and has executive-level contacts in the real estate, banking and automotive industries, Hyatt has a long-standing relationship with Holman Automotive Group.
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.