Berger Commercial Realty’s Steve Hyatt Negotiates Sale Of Auto Dealership Property For $22 Million
SM Sports Holding, LLC, the parent company of high-end exotic and used vehicle dealer Sienna Motors, has successfully acquired the former Pompano Ford Lincoln dealership for $21,950,000.
The transaction closed September 19.
The sale, brokered by Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt, marks a significant milestone in the ongoing development of the automotive landscape in Pompano Beach.
Located at 2741 North Federal Highway, the 52,120-square-foot dealership sits on a sprawling 7.43 acres and was previously home to Pompano Ford Lincoln, which has since relocated its operations.
The property features extensive facilities for both sales and service of new and used vehicles, making it an ideal acquisition for Sienna Motors.
Claude Senhoreti, a professional race car driver and owner of Sienna Motors, plans to expand operations into this newly acquired site, enhancing their reputation for high-end automotive offerings. In addition to expanding their vehicle sales, Sienna Motors aims to redevelop the surrounding area into additional automotive uses, further revitalizing the neighborhood.
“This property generated considerable interest from both automotive retailers and major development groups seeking to capitalize on the size of the property and its prime location on Federal Highway in NE Broward,” said Steve Hyatt. “The successful transaction is a testament to the potential of the site and the robust demand for automotive real estate in South Florida.”
Hyatt has extensive experience in the automotive retail industry and has represented multiple dealership groups with their real estate needs in South Florida and across multiple national markets. Prior to Berger, Hyatt served as a corporate development executive with publicly traded AutoNation (NYSE: AN) from 1996 to 2008.
