GCDC4 LLC Acquires Retail Building In Davie For $2.4M With Buyer's Rep Ron Osborne

The property involved in the transaction is a 3,200-square-foot, free-standing retail building outparcel located at 9180 W. State Road 84 in Davie, FL, 33324. The buyer, GCDC4 LLC, acquired the property from CR Ridge Plaza LLC for $2,400,000.00. The transaction closed on December 16 with a 6.2% cap rate. The retail building is currently occupied by Metro By T-Mobile, operating under a corporate lease with over 4 years remaining. Metro has been in this location for 20 years.

Summary of transaction details:

• Property Type: Retail building
• Transaction Amount: $2,400,000.00
• Address: 9180 W State Rd 84, Davie, FL, 33324
• Market: Davie
• Buyer: GCDC4 LLC

Ron Osborne, the Managing Director/Broker of SperryCGA | RJ Realty, represented GCDC4 LLC, a foreign investor, in this property purchase. This marks the fifth transaction in the past 12 months where Osborne has represented the investor. The deal signifies the investor's strategy to acquire real estate with solid financial fundamentals, with plans for further acquisitions in the upcoming year. Osborne also provided insights on market trends and the impact of interest rates and insurance costs on property investments in South Florida.