Ron Osborne Represents GCDC 3, LLC In $1.7M Plantation Commercial Property Sale

The property located at 500 N State Rd 7, Plantation, FL, 33317 is classified as a commercial asset. The property was sold for $1,700,000. The transaction includes a sale/leaseback arrangement where the tenant, Car Net Auto Sales, Inc., leased the property back for 5 years on a triple net basis. The seller was 500 Ventures, LLC, and the combined value of the transaction was approximately $2.4 million.

Summary of transation details:

• Property Type: Commercial
• Transaction Amount: $1,700,000.00
• Buyer: GCDC 3, LLC
• Seller: 500 Ventures, LLC
• Tenant: Car Net Auto Sales, Inc.
• Lease Terms: 5 years on a triple net basis
• Combined Transaction Value: $2,400,000
• Location: 500 N State Rd 7, Plantation, FL, 33317

Ron Osborne from Sperry Commercial Global Affiliates | RJ Realty represented the buyer in this transaction. This sale marks the third deal that Osborne has completed with GCDC 3, LLC for automotive properties in South Florida. Notably, Osborne has indicated the property’s prime location and legal conforming zoning for auto sales as key factors contributing to its value.