A corporation affiliated with Bomnin Automotive Group paid out $7.3 million for a previous Mitsubishi dealership in Pinecrest.
Bomnin purchased the two-story, 8,000 square-foot constructing at 8525 South Dixie Freeway, previously named South Miami Mitsubishi, according to information.
The constructing was produced in 1999 and is down the avenue from Bomnin Chevrolet Dadeland. The seller was James B. Burgin Jr., documents present.
Bomnin Automotive Group’s other dealerships in the Miami area involve Bomnin Chevrolet West Kendall, Bomnin Cadillac Chevrolet Homestead, Bomnin Mitsubishi and Bomnin Volvo Cars Dadeland, as nicely as Bomnin Chevrolet Manassas in Virginia. The business is led by Arnaldo Bomnin.
Auto dealerships have been a scorching commodity in South Florida in the previous year. Before this month, a boat and drinking water athletics goods store compensated $5.5 million for a previous Fort Lauderdale auto dealership.
In Oct, a business tied to Miami-primarily based Lehman Autoworld purchased a Honda dealership in Florida Metropolis for $16.8 million, and Pebb Enterprises bought a 23,000-square-foot Tesla dealership in West Palm Seashore for $12.87 million.