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Maroone Ford Sells for $22.5M

68,000-SF Retail Building Changes Hands
January 30, 2018
Grieco Automotive Group acquired the retail building at 1333 N. Federal Hwy in Fort Lauderdale, FL from AutoNation for $22.5 million, or approximately $333 per square foot, from AutoNation, Inc.

The single-story, 67,518-square-foot auto dealership was built in 1990 in Broward County.

The buyer financed its acquisition in-part with a new $18 million loan provided by Bank of America N.A.

Both parties handled the direct, owner/user sale in-house.

Please refer to CoStar COMPS #4092520 for more information on this transaction.
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