1080 nw 31 avenue

Ron Osborne, President and Broker at RJ Realty, announced the sale of a used car lot located at 1080 NW 31 Avenue in unincorporated Broward County, across from the Swap Shop.

Osborne represented the Seller, E-Z Deal Inc., in the $920,000 purchase. The transaction closed on January 5.

This is the second transaction Osborne has closed with this Buyer, which is planning on converting the site to a high-end car wash facility.  The first transaction closed in June 2017.

Osborne, who has completed numerous car lot sales in the last 18 months, explained, “Due to the changes that many of the cities are marking in zoning has caused prices for car lots, and many similar uses, to increase geometrically provided the properties have the proper zoning.  Properties that have the correct uses are selling at a 10% -30% premium over properties that are grandfathered in for the use countywide.”

Osborne believes that this trend will continue as long as the use continues to be removed from the zoning codes along the major arteries.  Today, it is nearly impossible to find a used car lot along State Road 7 south of Sunrise for under $50 per square foot.

The property consists of a 1,970-square-foot auto showroom situated on a 23,000-square-foot lot.

The Buyer, 1080 NW 31 Ave, LLC, was represented by Erica Mizrahi of Keter Estates.

 

7041-7111 W Commercial Blvd

Ron Osborne, Broker/President of RJ Realty, has negotiated the sale of The Gardens Mall, located at 7041-7111 W. Commercial Blvd. in Tamarac, Florida.

7041 Commercial LLC, an entity managed by Benjamin J. Genet of Genet Property Group purchased the 48,000-square-foot property from the Saul Strachman Revocable Living Trust and the Judith Strachman Revocable Living Trust for $3,200,000.

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Abstract modern architecture in blue

Ronald W. Osborne, Broker/President of RJ Realty, has negotiated the sale of 1955 S. State Road 7.

1955 S SR 7 LLC purchased the asset from 1955 S. State Road 7, LLC, a company affiliated with the ownership of Apple Auto Wholesalers of Florida, the used car dealership that operated on property.

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601 N State Road 7

Ron Osborne of RJ Realty announced the sale of 601 N State Road 7 in Plantation. The property consists of a 9,000-square-foot auto showroom on 1.5 acres.

Osborne represented the seller, Mount Sinai Real Estate. The property sold for $3,150,000.

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midas-auto 1000x600

Ronald W. Osborne inked a new long-term lease transaction valued at over $1 million with a Midas franchisee at the 5,977-square-foot free-standing auto repair facility located at 2936 N. State Road 7 in Margate.

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Sports Grill of Miami

Ron Osborne represented the buyer in the purchase of the 5,834-square-foot retail building located at 220 NW 180th Avenue in Pembroke Pines.

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