Hotels Of Pompano Beach Acquires Development Site In Pompano Beach For $4.1M

A development site located at 599 N Federal Hwy in Pompano Beach has been sold for $4,100,000. The property spans a total square footage of 48,379, with a price per buildable square footage (PPBSF) of $85. The transaction took place on November 16, 2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,100,000
• Address: 599 N Federal Hwy, Pompano Beach
• Market: Pompano Beach
• Buyer: Hotels of Pompano Beach - Neal Patel
• Seller: Macmillan Real Estate - Danny Alonso
• Brokers: Ivo Tsinev & Jorge Alvarino - Horizon Properties of Miami

The buyer of the property is Hotels of Pompano Beach, represented by Neal Patel. The seller, Macmillan Real Estate, was represented by Danny Alonso. The transaction was facilitated by Ivo Tsinev and Jorge Alvarino, brokers from Horizon Properties of Miami.

It is worth noting that Ivo Tsinev, the Director of Commercial Services at Horizon Properties of Miami, specializes in retail sales, multifamily/hotel/self-storage development sites. He has both on-market and off-market deals available and encourages interested parties to contact him for their property needs. He can be reached at (954) 673-1564.