(Getty, Apocalypse)
John Ghattas now has a more substantial garage to roll out his assembly line of custom-made jeeps and vans.
Ghattas, operator of two Fort Lauderdale-centered businesses that specialize in off-street auto custom jobs, paid $10.7 million for a just lately completed warehouse at 2151 Hammondville Highway in Pompano Seashore, data demonstrate.
BankUnited presented the customer with an $8.6 million house loan.
The deal breaks down to $283 a square foot for the 41,520-square-foot facility completed last 12 months, information clearly show.
Tom Viscount with Avison Young represented Ghattas, and CBRE’s Tom O’Loughlin and Larry Genet represented the vendor, an entity managed by Bryan Hussey, a principal with BTH Improvement Spouse. The Fort Lauderdale-based mostly actual estate business focuses on mid-dimension commercial and multi-family members tasks, according to BTH’s web-site.
In 2020, BTH paid $1.4 million for the land, data show.
Ghattas’ firms, Apocalypse Production and SoFlo Customs, remodel ordinary Jeep Wranglers, Ford Broncos, Hummers and other truck versions into behemoth vehicles with custom-made overall body kits. The Apocalypse 6×6 Hellfire, a jeep with a few axles and 6 tires, was highlighted on Jay Leno’s Garage in 2021. Considering the fact that then, Apocalypse has created six-tire versions of a Mercedes-Benz G-Wagon and a Ford Bronco.
Ghattas’ businesses work two dealerships in Fort Lauderdale and Boca Raton, according to SoFlo Customs’ internet site. The six-wheeled monster rides start out at $150,000 just about every.
The Pompano Beach warehouse will be Ghattas’ new production facility, which is much more than double the sizing of the 18,000-sq.-foot warehouse in Fort Lauderdale he is at present leasing, a push launch states.
Tenant desire marginally softened in South Florida’s industrial marketplace in the fourth quarter of previous calendar year, but builders are exhibiting no signals of slowing down on making new assignments, in accordance to a Newmark report.
Previous thirty day period, Dallas-based Xebec landed a $44 million development mortgage for an industrial advancement on 15.7 acres near Miami Gardens. Indianapolis-based mostly Ambrose Assets Group also nabbed a $27 million building bank loan for a spec warehouse in Jupiter. The organization and its partner, Fort Lauderdale-dependent Helms Advancement, count on to break floor on the job this thirty day period.
