South Florida Shopping Center for Sale at $14.8 Million

  

Plaza del Mar, Fort Lauderdale, FL

FORT LAUDERDALE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that it is the exclusive advisor presenting for sale Plaza Del Mar, a 32,079-square-foot shopping center in Fort Lauderdale.

Douglas K. Mandel

The listing price is $14.8 million. Douglas K. Mandel, a first vice president investments in Marcus & Millichap’s Fort Lauderdale office, is representing the seller.

            “Plaza Del Mar is ideally located along U.S. Route 1 in Fort Lauderdale,” says Mandel. “This offering is an excellent opportunity for an investor to acquire a top-quality asset in a high-barrier-to-entry market.”

            Constructed in 1984 and renovated in 2011, the center is currently 84 percent leased to a variety of local and national retailers and restaurants. Tenants include Lime Fresh Mexican Grill, Jimmy John’s, Joe’s Crab Shack, Sally Beauty Supply and MetroPCS.

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

Gina Relva

Public Relations Manager

(925) 953-1716