Saturday, March 19, 2016

Walgreens/Woodmont Shoppes in Tamarac, FL Sold for $6.45 million in Marcus Millichap-Handed Deal

Walgreens/Woodmont Shoppes, Tamarac, FL

Marc E. Strauss
TAMARAC, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Walgreens/Woodmont Shoppes, a 35,892-square foot retail property located in Tamarac, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $6,450,000 equating to $180 per square foot.

Marc E. Strauss, a first vice president investments, in Marcus & Millichap’s Fort Lauderdale office, and Al Palacios, a senior associate, in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor from Hollywood, Fla and the buyer, an individual/personal trust from North Miami Beach, Fla, was secured and represented by Strauss and Aaron O'Connor, an associate.

Built in 1992 on a 4.18 acre lot, Walgreens/Woodmont Shoppes consists of two parcels located in the same center.  Walgreens occupies approximately 42 percent of the overall leasable space, the remaining space is occupied by five tenants and an available 2,500-square foot bay.

Walgreens/Woodmont Shoppes benefits from its 325 feet of frontage to North University Drive. The property is located on a signalized hard corner of the intersection with Northwest 82nd Street at 8197 North University Drive.

For a complete copy of the company’s news release, please contact:
Ryan Nee
Vice President / Regional Manager
 Fort Lauderdale, FL
(954) 245-3400

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