May 31, 2022 – Charles Moody of Horvath & Tremblay has successfully completed the sale of Wells Fargo in Davie, Florida. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,960,000.
Wells Fargo is located at 4150 SW 64th Avenue in Davie, Florida. The retail branch consists of a 6,880 square foot building on a corner parcel with outstanding frontage and visibility. The Property also features a dedicated parking lot and a dedicated 5-lane drive through facility. Wells Fargo has been at this location for more than 18 years (since 2003) and has 3+ years remaining on their lease with three (3), five-year renewal options. The lease calls for 10% rent increases at the start of each renewal option. Wells Fargo is situated on a corner parcel at the intersection of Davie Road and SW 41st Court. The location is part of an exceptional trade area centered around the Florida Turnpike, Interstate 595 exchange with numerous national tenants, retail centers and medical centers drawing significant traffic to the area. The Property also benefits from close proximity to Nova Southeastern University, and the Seminole Hard Rock and Seminole Classic Casinos. Davie is a suburb of Fort Lauderdale approximately 9 miles southwest of the city and is just 30-miles from Miami.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.