Pompano Beach Refrigerated Warehouse Facility Sells For $4.25 Million

Jul 31, 2017 No Comments by

SVN | South Commercial Real Estate Advisors has announced that the RL Schreiber Refrigerated Food Processing Facility, located at 1741 NW 33rd Street in Pompano Beach, was sold for $4.25 million.

The 49,259-square-foot warehouse had been used as RL Schreiber’s original processing facility for spices, sauces and other kitchen/chef cooking essential ingredients.

The property was purchased by Anthony Fimiano of Fimiano Holdings, LLC of Plantation, who will use the facility as the production facility for Classic Pizza Crusts, Inc., a manufacturer and distributor of frozen pizza, pizza crusts, and pizza dough for the institutional food service industry.

Matt Rotolante, Owner and Managing Director of SVN | South Commercial Real Estate Advisors, represented Fimiano Holdings, LLC in the transaction.

 

“We had been looking for a site to expand our operations for several years, and after failed attempts with a few other brokers, Matt Rotolante, was able to find us this ideal facility that had many improvements we needed already,” commented Fimiano.  “He also was able to bring a strong team of lenders and attorneys that helped us get the deal finalized.”

The SBA loan was originated by Lee Elmslie of Bankunited, and was complex due to the fact it included an equipment loan in addition to the acquisition of the site.

 

 

 

————————-

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.

CLICK HERE TO SUBSCRIBE TODAY!

 

Go Ahead...Share!
  • email
  • Print
  • LinkedIn
  • Twitter
  • Facebook
  • Google Bookmarks
  • RSS
  • Add to favorites
Broward County Industrial / Flex, Industrial / Flex, Industry News
No Responses to “Pompano Beach Refrigerated Warehouse Facility Sells For $4.25 Million”

Leave a Reply