Thursday, December 12, 2013

Marcus & Millichap Arranges Sale 9,976-Square-Foot Shopping Strip in Boca Raton for $3.8 Million

Congress Center, Boca Raton, FL

Douglas K. Mandel
BOCA RATON, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Congress Center, a 9,976 square-foot shopping strip located in Boca Raton, FL. The asset sold for $3,800,000.

First Vice President Investments Douglas K. Mandel had the exclusive listing to market the property on behalf of the seller, a private investor from Boca Raton, FL.

Richard Moravek, an Associate in Marcus & Millichap’s Ft. Lauderdale office represented the buyer, a private investor from Boca Raton. 

“Congress Center provided an investor with the opportunity to purchase a well-located, high-quality asset with strong in-place cash flow,” says Mandel.

“The center benefits from the high daytime population of Arvida Park of Commerce office buildings and is also in close proximity to affluent residential communities and major centers of commerce, entertainment and education,”

Richard Moravek
Built in 1998, Congress Center is 100 percent occupied. Its tenants include: Blue Fin Sushi and Tai Grill, Sal's Italian Restaurant, Jimmy John's Sandwiches, Nail Express, and Gianel Salon. Congress Center is located at 861 Yamato Road in Boca Raton, FL. 

For a complete copy of the company’s news release, please contact:

Gregory Matus
Regional Manager / Vice President
Fort Lauderdale, FL

(954) 245-3400

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