Two South Florida Real Estate Investors Launch New Venture, Complete First Acquisition

McCoy Berger and John Forman have launched launched Sand Lake Realty and completed the acquisition of 2999 N Powerline Road for $7,850,000.

Situated on Powerline Road in the Pompano Beach submarket of Broward County, 2999 N Powerline Road comprises a single commercial building situated on 3.27 acres of land. The facility features multiple access points and excellent visibility along its expansive frontage on Powerline Road, making it an attractive option for a variety of tenants.

Sand Lake Realty plans to implement a comprehensive capital improvements program at the property, which will include landscaping enhancements, parking lot upgrades, new signage, and façade renovations.

“We are excited to launch Sand Lake Realty, a South Florida based real estate investment manager,” said McCoy Berger, Co-Founding Partner of Sand Lake Realty. “2999 N Powerline Road is the ideal first investment for us – it’s in our backyard.”

Founded by a team of experienced real estate professionals, Sand Lake Realty is dedicated to acquiring and repositioning management-intensive properties in Florida.

“With high barriers to entry and strong tenant demand, South Florida continues to be one of the most attractive markets in the country,” added Co-Founding Partner John Forman. “We are actively pursuing opportunities to expand our presence in the region.”