AutoNation Acquires Retail Property In Fort Lauderdale For $11.85M

AutoNation, represented by Marc Cannon from the agency, has acquired a retail property located at 1300 S. Federal Highway, as well as 617 & 705 NE 14th Street in Fort Lauderdale. The property spans across 1.63 acres and offers approximately 7,895 square feet of space. The sale was completed on June 20, 2022, with We Florida Financial as the seller. The transaction was finalized at a price of $11,850,000, resulting in a price per square foot of $1,501.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $11,850,000
• Property Address: 1300 S. Federal Highway, 617 & 705 NE 14th Street, Fort Lauderdale
• Market: Fort Lauderdale
• Acres: 1.63

The buyer, AutoNation, is a key player in the transaction, with Marc Cannon representing the company. We Florida Financial served as the seller in the deal. This transaction showcases AutoNation's strategic expansion in the Fort Lauderdale market, securing a valuable retail asset in a prime location.