The commercial property located at 2601 Reese Road in Davie, Florida was sold for $3,450,000. The property, formerly owned by Glenn’s Automotive, comprises of an 8,300-square-foot building with outdoor storage and parking. Situated along I-595 and Florida’s Turnpike, this property attracts a significant daily traffic of over 370,000 motorists.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $3,450,000
• Market: Davie
• Asset Type: Commercial
• Acres: 1
• Square Footage: 8,300
• Price per Square Foot: $416
• Seller: Glenn’s Automotive
• Brokers: Christian Baena & Greg Milopoulos - Lee & Associates

Christian Baena and Greg Milopoulos from Lee & Associates played pivotal roles in brokering this deal, setting a new submarket record with a price of $416 per square foot. Their expertise and negotiation skills were instrumental in facilitating the smooth transaction between the involved parties.