Updated Oct 19, 2026
Mitra Maraj Of Champion Porsche Secures $52M Construction Loan From Wells Fargo For Dealership Expansion
300 West Copans Road
$52,000,000
$729/SF
Building Size
71,290 SF
Asset Type
Development Site
Closing
Feb 21, 2025
About this deal
AI
The property involved is a development site located at 300 West Copans Road in Pompano Beach. The site encompasses 71,290 square feet and sits on 18 acres. Champion Porsche has secured a construction loan from Wells Fargo amounting to $52,000,000 for the project.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $52,000,000
- Lender: Wells Fargo
- Landlord: Mitra Maraj - Champion Porsche
- Market: Pompano Beach
- Asset Size: 71,290 SF
- Acres: 18
The deal involves key participants including Mitra Maraj, who represents Champion Porsche, and the development is being executed by Stiles Construction. Notably, Copans Motors is overseeing the project, which includes a four-story parking deck and signifies an expansion for one of the largest Porsche dealerships in North America.
On the Map
$52,000,000
$729/SF
Development Site
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Pompano Beach Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93