Florida East Coast Realty (FECR) recently announced the sale of suites 102B and 103C at its 2020 Ponce Coral Gables office condo project, totaling 3,771 square feet. The two ground floor units sold for $2.57 million or $681 per square foot to CG Smile Makeover, a multidisciplinary dental practice.
Chief Operating Officer at FECR Austin Hollo commented on the deal: “In today’s market we are seeing an increased interest from business owners in owning their own space as they seek to take advantage of investment opportunities commercial condos offer.”
Donna Abood, Joe Abood and Peyton Dowd from Avison Young brokered the transaction with Donna commenting that “in the past eight months there has been remarkable success in Coral Gables due to its strong appeal as an attractive alternative compared to other markets such as Blue Lagoon, Downtown Miami or Brickell.”
