Pompano auto dealership trades for $10.5M

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.

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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