Ron Osborne Of SperryCGA Completes $2.4M Sale-Leaseback Deal In Plantation

The property located at 500 N State Rd 7, Plantation, FL, 33317 is a commercial asset that was involved in a lease transaction valued at $1.7 million. The seller, 500 Ventures, LLC, conducted a sale leaseback where the tenant, Car Net Auto Sales, Inc., leased the property for 5 years on a triple net basis. The combined value of the transaction was approximately $2.4 million.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $1.7 million
• Address: 500 N State Rd 7, Plantation, FL, 33317
• Market: Plantation
• Seller: 500 Ventures, LLC
• Tenant: Car Net Auto Sales, Inc.
• Lease Terms: 5 years, triple net lease
• Combined Transaction Value: $2.4 million
• Landlord: GCDC 3, LLC
• Landlord's Representative: Ron Osborne - Sperry Commercial Global Affiliates | RJ Realty

Ron Osborne, Managing Director/Broker of SperryCGA | RJ Realty, has been involved in this transaction and has completed multiple major transactions within the automotive real estate sector. This marks his third transaction with GCDC 3, LLC, focusing on automotive properties in the South Florida area. The property features legal conforming zoning for auto sales, contributing to its value in the transaction.