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| Shoppes of Cooper City, 12125 Sheridan Street Cooper City, FL |
COOPER CITY,FL, Oct. 17, 2014 – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate investment services firm with
offices throughout the United States and Canada, today announced the sale of Shoppes
Of Cooper City, a 35,129-square foot retail center located in Cooper City,
Fla. The asset sold for $7,200,000.
Adam J. Tiktin, a first vice president investments in
Marcus & Millichap’s Miami office, had the exclusive listing to market the
property on behalf of the seller, a private investor from Miami.
The buyer, a private investor from Argentina, was secured
and represented by Victor Pastor, an associate in Marcus &
Millichap’s Miami office.
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| Adam J. Tiktin |
“This was a value add opportunity for an investor to acquire
a newly renovated center with 20 percent vacancy. Cooper City is one of Broward' County’s fastest growing
communities and the property benefits from the neighborhood’s strong
demographics and high density of family households,” says Tiktin.
Shoppes of Cooper City is situated on a 4.94-acre parcel
with 35,129 leasable square feet. The
property is currently 80 percent occupied by 15 tenants. The three largest are:
New Castle Realty, Dunkin Donuts and Northwestern Management.
Shoppes of Cooper City is located at 12125 Sheridan Street
in Cooper City, Fla.
For a complete copy of the company’s news release, please
contact:
Kirk A. Felici
First Vice President/Regional Manager
Miami, FL
(786) 522-7000
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