Berger Commercial Realty/Corfac International (BCRC) Senior Vice President Joseph P. Byrnes and Senior Sales Associate John Forman represented seller Seymour Realty 1601, LLC in the sale of 1.68 acres located at 1621 N. Dixie Highway in Pompano Beach. The vacant land parcel is located at the corner of N. Dixie Highway and NW 16th Street, across from the Goodyear Blimp Hanger.
Color Factory, Inc., represented by Severino Rodrigues with Genesis Commercial Group, Inc., paid $2,005,000 for the property, with plans to build a cabinetry fabrication facility. The price equates to nearly ±$1.2 million per acre.
The deal closed August 3.
“The price will support future industrial land sales for over $1.2 million per acre, especially hard-to-find industrial zoned land like this parcel,” commented Byrnes.
The transaction marks the second sale of the parcel, which is one of the last remaining industrial zoned parcels on N. Dixie Highway, by BCRC in the last five years.
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 has an industrial zoning in the City of Pompano Beach.
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.