Two Commercial Condo Units Sell for $2.57 Million

Florida East Coast Realty negotiated the transaction, which a dental office purchased.

Florida East Coast Realty (FECR) recently brokered the sale of two ground-floor units at its 2020 Ponce office condo project, totaling 3,771 square feet. The buyer, Coral Gables Smile, d.b.a. CG Smile Makeover, is a multidisciplinary dental practice offering various dental services, including general and preventative dentistry, restorations, and endodontic and orthodontic care. The suites were sold for $2.57 million, which amounts to $681 per square foot.

“In today’s evolving market, we are seeing many business owners interested in owning their own space, seeking to take advantage of the investment opportunity,” Austin Hollo says, Chief Operating Officer at FECR. “Commercial condos are very attractive to those with stable or growing businesses looking for a great location.”

Donna Abood, Joe Abood, and Peyton Dowd from Avison Young brokered the deal.

“In the past eight months, we have experienced remarkable success in the Coral Gables market,” Abood says. “The city has strong appeal as an attractive alternative to markets such as Blue Lagoon, Downtown Miami, or Brickell.”

Florida East Coast Realty, established by Tibor Hollo over six decades ago, has an impressive track record of constructing over 60 million square feet of buildings that include iconic residential and commercial skyscrapers, luxurious single-family homes, governmental structures, marinas, high-quality retail centers, warehouse complexes, and telecommunications centers.

You May Also Like
New Hotel Proposed by Related Group and BH Group—Across from the Diplomat

The developers are proposing a 300-room hotel in Hollywood on the site of what is now a parking lot.

Read More
South Florida’s Pandemic Real Estate Boom is No Longer

A new report from Cotality found that the number of homes for sale has quadrupled since 2022.

Read More
Panel Looks at “Fort Lauderdale Rising: The New Residential Landscape”

The topics of discussion included the current state and future of the city, where luxury is headed and factors driving the demand for real estate in the area.

Read More
Florida Commercial Property Investment Group Launches in South Florida

The firm will be headquartered in Fort Lauderdale.

Read More
Other Posts
Andare Residences by Pininfarina Breaking Ground on Las Olas

Delivery of completed units is expected to take 24 to 28 months after construction begins.

Read More
Green Realty Merges with Global Powerhouse to Become The Agency Fort Lauderdale West

Chris Green and Patty Da Silva have merged their business with Mauricio Umansky’s The Agency.

Read More
Waldorf Astoria Residences Break Ground in Pompano Beach with 70 Percent of Homes Under Contract

The Residences will feature 92 exclusive condominium homes.

Read More
Florida and Texas Are Gaining Residents at a Slower Rate, Redfin Reports

The rising cost of housing and the increasing frequency of natural disasters are slowing migration to Florida and Texas metros.

Read More