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