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500 N State Rd 7
LEASED

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

500 N State Rd 7

Commercial
clock iconLeased 235 days ago
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Summary

Lease
FLORIDA
Commercial

The property at 500 N State Rd 7 in Plantation, FL, 33317, was sold in a leaseback transaction for $1.7 million. The property, a commercial asset, was owned by 500 Ventures, LLC, and leased back by Car Net Auto Sales, Inc. The lease is on a triple net basis for 5 years, making the combined value of the transaction approximately $2.4 million.

Summary of transaction details:

Ron Osborne, the Managing Director/Broker of SperryCGA | RJ Realty, facilitated the transaction marking the third deal with the same buyer, GCDC 3, LLC, for automotive properties in South Florida. He supervised the renovations of the property located at 770 N. State Road 7 in Plantation, owned by GCDC 2, LLC. Osborne strongly believes that automotive properties in prime locations with legal conforming zoning will increase in long term value.

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Ron Osborne's profile picture
Ron Osborne
Sperry Commercial Global Affiliates I RJ Realty-image
Managing Director
$53.3M Sold

Details

Deal Summary
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LEASED
IMAGE: 500 N State Rd 7, Plantation, FL, 33317 MARKET: Plantation ASSET TYPE: Commercial LANDLORD'S REP: Ron Osborne(Sperry Commercial Global Affiliates I RJ Realty) LANDLORD: GCDC 3, LLC

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Address500 N State Rd 7

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