Florida East Coast Realty (FECR) recently announced the sale of two ground floor office condo units at their 2020 Ponce Coral Gables project, totaling 3,771 square feet. The buyer was CG Smile Makeover, a multidisciplinary dental practice that purchased the suites for $2.57 million or $681 per square foot.
Austin Hollo, Chief Operating Officer at FECR commented on this transaction: “We are seeing many business owners interested in owning their own space and taking advantage of the investment opportunity that commercial condos offer.” Donna Abood, Joe Abood and Peyton Dowd from Avison Young brokered this deal.
Abood further added: “The past eight months have been very successful for us in the Coral Gables market due to its strong appeal as an attractive alternative to other markets like Blue Lagoon Downtown Miami or Brickell”
