Native Realty’s Dan Ross Closes Retail Property Sale in Pompano Beach

Native Realty brokered the $3.42 million sale of a fully leased retail property in Pompano Beach. Dan Ross, Native’s Executive Director, represented the buyer in the transaction, which continues the firm’s strong year closing impressive investment sales deals in a challenging broader landscape.

The 15,372-square-foot building at 2601-2611 E. Atlantic Blvd. is anchored by Café Maxx, a Pompano Beach favorite for over 40 years. It is fully leased with long-term tenants. T R Associates Inc. sold the building to 2601 Atlantic Center LLC.

At $223 per square foot, the purchase price was appealing for the buyer to acquire an income-producing asset in East Pompano Beach. There is also future upside for the buyer to capitalize on, as the area is seeing a development boom highlighted by ultra-luxury residential projects with prominent brands – most notably Ritz-Carlton and Waldorf Astoria.

“Our client sought to acquire well-located commercial real estate with stable income,” Sturgis said. “Dan not only accomplished that, but he identified a property that can deliver significant value appreciation as Pompano Beach continues to grow. That is another example of the Native difference in a competitive, supply constrained South Florida market.”

Native, which recently surpassed $1 billion in overall transaction volume, has more than tripled its number of brokers in the past year. The firm is actively interviewing senior commercial real estate brokers in Broward and Palm Beach counties to accommodate increasing client demand. Native is working on $100 million in off-market investment sales opportunities on behalf of commercial real estate investor clients.

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