PlantationAuto_Photo Credit-MarcusMillichap 800x315

A net-leased automotive dealership property located in Plantation sold for $5,750,000.

The Ride4U dealership, located at 747 N State Rd 7,  is just 1.2 miles away from Florida’s Turnpike on a major auto dealership corridor.  The lot size is 1.7 acres and can accommodate approximately 250 cars between the showroom and service department. The building measures approximately 9,000 square feet which includes a showroom and back office.

The buyer, a limited liability company, obtained a $5,175,000 million loan in acquisition financing.

RJ Realty was not involved in the transaction.


Source:  CityBiz



600 n state road 7

Ron OsborneBroker/President of RJ Realty, has been selected to market for sale two of the largest independent used car dealerships in Broward County.

Both properties allow for 250 to 300 vehicles and are situtated on 1.8 acres each, within the greater Plantation submarket in the Automotive Mall district.

Read more