Don T. Lia Of Lia Motor Group Acquires Retail Portfolio From Rick Hendrick For $32M
5381 Federal Highway
$32,000,000
$575/SF
Building Size
55,633 SF
Asset Type
Retail
Closing
Nov 19, 2025
AI
The asset involved in this transaction is a retail portfolio located at 5230, 5250 & 5381 Federal Highway, spanning a total of 7.6 acres. The sale was finalized for $32,000,000 and encompasses 55,633 square feet of space. The market includes both Lighthouse Point and Pompano Beach.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $32,000,000
- Buyer: Don T. Lia - Lia Motor Group
- Seller: Rick Hendrick - Hendrick Automotive Group
- Lender: M&T Bank
- Loan Amount: $29,000,000
This transaction signifies a pivotal acquisition for Don T. Lia’s automotive group, marking a significant expansion in South Florida with the purchase of the dealership portfolio. The seller, Rick Hendrick, is affiliated with Hendrick Automotive Group, which previously operated the properties now acquired by Lia Motor Group.
Players
Pompano Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93