Berger Commercial Realty’s Keith Graves, Jordan Beck Rep Seller In Sale Of Free-Standing Industrial Building

Jul 05, 2020 No Comments by

Berger Commercial Realty/Corfac International Senior Vice President Keith R. Graves, CCIM and Sales Associate Jordan Beck represented seller Maritza Fernandez in the sale of a free-standing industrial building located at 1910 NW 16th St. in Pompano Beach.

Berger Commercial Realty's Keith Graves and Jordan Beck

Investor Steven Tornari paid $695,790 for the 4,032-square-foot property, which is situated on a 19,356-square-foot lot.

 

The deal closed June 17.

 

“This deal was a backup offer that became the primary amid covid-19,” explained Beck. “This transaction shows that the industrial market in Pompano remains strong and resilient despite Covid-19,” Beck added. “People are working, companies are remaining busy, and their Principals still have the means to buy so long as they see value in the product. That was certainly the case for this deal.”

 

The 1985-built free-standing industrial building features a fenced yard and gate access. It is strategically located in Pompano Beach with convenient access to I-95 and Florida’s Turnpike. The building is currently occupied by Signature Design Paving Corporation. The Buyer plans to enlarge the office portion of the building, create a showroom, and utilize existing warehouse and outdoor storage.

John Rapp with Rapp Realty, Inc. represented the buyer in the transaction.

 

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Broward County Industrial / Flex, Industrial / Flex, Industry News
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