Pre-owned auto dealer Auto Yes, perhaps best known for its quirky TV commercials featuring a dancing clown, has purchased a roughly 2.5-acre tract at the southeast corner of Florida and Sherwood Forest boulevards.
The land wraps around a CVS Pharmacy at the corner and is adjacent to Auto Yes’ dealership at 11522 Florida Blvd., which the company plans to expand with the purchase. Auto Yes closed on the deal on Tuesday last week for $208,000, or about $2 per square foot. The dealership purchased the property as Big Dog Group LLC.
According to Mike Stinson with Saurage Rotenberg Commercial Real Estate, who brokered the transaction, the property had been marketed at $450,000 for nearly three years. The seller was made up of three entities: RE Concepts LLC, Future Trends LLC and Stone Resources LLC.
The property has a fairly interesting history. A California developer purchased the entire corner at Florida and Sherwood Forest boulevards and then subdivided it to develop the CVS. The developer then sold the CVS to a real estate investment trust and kept the remaining 2.5 acres. The property taxes were not paid, and the three entities that sold it to Auto Yes acquired the site through a tax sale by paying the property taxes for three years.
