The Real Deal Miami

Pompano auto dealership trades for $10.5M

December 12, 2013 01:30PM

Nissan dealership in Pompano Beach

Nissan dealership in Pompano Beach

An auto dealership in Pompano Beach has changed hands in a $10.5 million transaction, The Real Deal has learned.

A trust controlled by Thomas Endicott sold the Nissan dealership at 1345 South Federal Highway, according to Broward County records. The county recorded the transaction on Wednesday.

ASG of Pompano acquired the two-property site totaling about 4.6 acres. State corporate records identify Richard Aldahan as the buying company’s managing member. Aldahan is president of Columbus, Ohio-based Aldahan Automotive Group.

Aldahan’s company obtained an $8.5 million mortgage from Bank of America for the acquisition.

The nearly 36,000-square-foot dealership was originally constructed in 1957. — Eric Kalis