Done Deals: Lee & Associates South Florida Closes $3 million Commercial Property Sale in Davie, FL

Sunday, March 17, 2024

Lee & Associates South Florida Closes $3 million Commercial Property Sale in Davie, FL

Greg Milopoulos

DAVIE, FL – Lee & Associates South Florida Principal Greg Milopoulos and Vice President Christian Baena successfully brokered the $3.45 million sale of a commercial property in Davie, Florida.

At $415 per square foot, the transaction set a new price per square foot record for the submarket. It did not include the sale of the business.

The sale of the 2601 Reese Road property closed on March 12. Glenn’s Automotive was the seller. The buyer was not disclosed.

Glenn’s Automotive operated an auto repair shop out of the freestanding 8,300-square-foot building, which was constructed in 2008 on just over one acre.

Christian Baena

The property includes outdoor storage and ample parking, with frontage along I-595 and Florida’s Turnpike. That gives the building visibility to over 370,000 daily motorists.

“Glenn has been a longtime family friend and operator of one of the most pristine shops in Broward County for over 20 years,” Milopoulos said. “It was time for him to wind down and enjoy some time off with his family after a long career in the industry, so above all else, I’m just happy we were able to help him accomplish this.”