Avison Young represents Apocalypse Manufacturing and Soflo Customs in $10.7M acquisition of new 41,520-sf manufacturing facility in Pompano Beach, FloridaFebruary 9, 2023
Custom truck company more than doubles manufacturing space to build and fabricate custom trucks
Pompano Beach, Fla. – Avison Young Principal Tom Viscount represented Apocalypse Manufacturing and Soflo Customs in the $10.7 million acquisition of a new 41,520-square-foot state-of-the-art facility at 2151 Hammondville Road in Pompano Beach, Florida, developed in late 2022. As a result of the off-market transaction, the new warehouse property will be used by the buyer to build and fabricate every Soflo Custom and Apocalypse 6x6 truck which will be sold off-site.
The purchase represents the expansion of the companies’ manufacturing facility from a 18,000-square-foot location in Fort Lauderdale to more than double the space at the new site in Pompano Beach. In addition to the physical expansion, the auto company plans to add approximately 35 skilled workers.
“The Hammondville Road location is perfect, as it is a brand-new facility with 16 grade-level doors and situated within a half-mile from Florida’s Turnpike and less than one mile from Interstate 95 offering convenient tri-county access,” said Viscount. “A spec building developed as an investment and marketed to rent the property’s design with a fairly narrow truck court limited the pool of potential prospects looking for industrial space but was ideal for my client, especially in a market where industrial space is scarce.”
The vehicles are sold throughout the country and internationally, with many designs exceeding hundreds of thousands of dollars. The high demand for the Apocalypse truck, which have waiting lists that consist of celebrities, athletes, and other high-profile buyers, led to the company’s search for a newer, larger facility that could accommodate the workflow.
“To move forward with the transaction, we had to work with the City of Pompano Beach to get the use of the facility approved,” explained Viscount. “We met with the city commissioners, zoning committee, and the mayor, all of whom were great to work with and unanimously agreed to the requested light manufacturing use of the building.”
CBRE’s Tom O’Loughlin and Larry Genet represented the seller 1501 N Powerline LLC in the transaction.
“Ultimately, it was a smooth transaction resulting in wins for everyone involved,” said O’Loughlin.
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For more information:
- Tom Viscount, Princpal: +1.954.903.1810