The Fitzgerald Group’s Adam P. Von Romer, CCIM and Michael Martin, MAI negotiated the sale of a 39,100-square foot warehouse facility located at 2816 SW 3rd Avenue in Fort Lauderdale, Florida.
Von Romer and Martin represented the seller, Bigham Insulation & Supply, Bryco, Inc., in the sale.
The property, the former home of Bigham Insulation & Supply, is situated on a ± 19,050-square-foot lot located just blocks from Fort Lauderdale/Hollywood International Airport, US1 and State Road 84/Marina Blvd.
Bigham Insulation & Supply was a South Florida landmark for over 40 years and provided a wide variety of marine and construction related insulation products.
The property was listed on November 16, under contract December 12 and closed on February 26 at 93.3% of list price.
The property was purchased by Bluewater Chairs Holdings, LLC for $3,500,000. Bluewater Chairs Holdings, LLC was also represented by Von Romer and Martin.
“The Seller was looking to retire and had sold his existing business,” explained Von Romer. “With the industrial sector being as active as it is here in South Florida, we were confident we would be able to secure a buyer at market value.”
About Adam P. Von Romer: Adam P. Von Romer has been in real estate 37 years. Adam is an Author, Speaker, Seminar Leader, Real Estate Instructor, and Licensed Real Estate Broker. Mr. Von Romer has been licensed in both Pennsylvania and Florida and current holds a valid active Brokers License with the Fitzgerald Group, Inc. Mr. Von Romer has been a Real Estate Instructor, Mortgage Broker, Mortgage Brokerage Instructor, Community Association Manager, and Community Association Manager Instructor. Mr. Von Romer has personally closed, managed, or supervised in excess of $2.0 billion in commercial transaction. Recently he has closed on an industrial property ($2,995,000) that had been on the market with other firms for five years. He has recently closed two Walgreens – one valued at $6.8 million and one valued at $4.85 million.
About Michael Martin, MAI: Michael Martin has been in the Real Estate Profession for 39 years. Michael is a Licensed Real Estate Broker, and consultant. Mr. Martin has been licensed as a broker in the state of Florida since 1981 and as a certified general appraiser since 1989. He has a real estate degree(BS) from the Florida State University (1982) and was awarded the MAI designation from the American Institute of Real Estate Appraisers in 1990. Mr. Martin currently holds a valid active Brokers License with the Fitzgerald Group, Inc. During his career Mr. Martin has brokered, consulted and appraised industrial, retail, multi-family, office, vacant land, and special purpose properties. Mr. Martin also serves as a Special Magistrate and has appeared as an expert witness in Miami-Dade, Broward and Palm Beach County Circuit Courts.
