HN Properties FTL, LLC Purchases Retail Asset In Fort Lauderdale For $11M

The property at 2125 South Federal Highway in Fort Lauderdale, Florida, was sold in a transaction for $11,000,000. The asset, a retail property spanning 1.09 acres, consists of a 55,000 square-foot facility. The seller, Chris Conroy of Holman Automotive, Inc., was represented by R. Stephen Hyatt from Berger Commercial Realty. On the other side, the buyer, HN Properties FTL, LLC, acquired the property for $200 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,000,000
• Address: 2125 South Federal Highway
• Market: Fort Lauderdale
• Size: 55,000 SF
• Price per SF: $200

Berger Commercial Realty/Corfac International's Senior Vice President Stephen Hyatt facilitated the sale of the property. The facility, previously housing the MINI franchise, underwent a complete renovation in 2016. Following the transaction, it will serve as an exclusive dealership for the MOKE franchise along with other high-end luxury and exotic used vehicles. Steven Seigel from Compass represented the buyer, HN Properties FTL, LLC, in the deal.