Berger Commercial Realty’s Jordan Beck, Joseph Byrnes Negotiate $366 PSF Sale Of Cold Storage Facility In Off-Market Deal

Berger Commercial Realty/Corfac International Sales Associate Jordan Beck and Senior Vice President Joseph P. Byrnes negotiated the sale of a 43,000-square-foot cold storage/food processing facility located at 1280 SW 29th Ave. in Pompano Beach.

The deal closed December 6.

Acme Smoked Fish Group, which paid $15,750,000 for the facility, plans to utilize the facility for their operations, allowing the company to increase the food processing component of their business.

Beck and Byrnes represented the seller, Benson Properties Inc., in the transaction. No outside brokers were involved in the deal.

“The property is very unique due to it being a turn-key, state of the art food processing facility,” explained Beck. “There are floor drains throughout the property, along with coolers and freezers, insulated dock doors, and processing rooms.”

 

“This very specialized property required a unique end user for the deal to make sense,” added Byrnes. “We have been marketing this property silently off-market since the onset of COVID. Eventually, we came across Acme Smoked Fish Group, which had a major need to increase the processing component of their business. This property was perfect for them.”

The asset, which is currently occupied by Murvest Fine Foods, is situated on 2.5 acres.