Marcus & Millichap Sells Net-Leased Automotive Dealership Property In Plantation For $5.75M

A net-leased automotive dealership property located at 747 North State Road 7 in Plantation has been sold for $5.75 million. The property spans across 1.7 acres and features a retail space of 9,000 square feet. With a price per square foot of $639, this property boasts a strategic location among other dealerships in South Florida, which further adds to its appeal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,750,000
• Address: 747 North State Road 7, Plantation
• Market: Plantation
• Acres: 1.7
• Square Feet: 9,000
• Price Per Square Foot: $639

The sale of this net-leased automotive dealership property in Plantation was facilitated by Alex Zylberglait and Michael Crocchiola from Marcus & Millichap. They represented the seller and buyer in the transaction. Additionally, Robert Bhat from Marcus & Millichap Capital Corporation arranged the acquisition financing, amounting to $5.175 million. Together, these professionals played a vital role in successfully completing this property transaction.

Overall, the sale of this net-leased automotive dealership property indicates the continued growth and vibrancy of the real estate market in Plantation, Florida. The strategic location of the property among other dealerships contributes to its desirability and potential for future success.