CORAL SPRINGS, FL, Oct. 27, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Brookside Square (top left photo), a 21,200-square foot Publix-shadow anchored shopping center located in Coral Springs, FL, according to Gregory Matus, Regional Manager / Vice President of the firm’s Ft. Lauderdale office. The asset commanded a sales price of $2,425,000.
Barry M. Wolfe (lower right photo), a Vice President Investments in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a limited liability company, was also secured and represented by Wolfe.
“The property is located along a heavily traveled corridor and is in the heart of one of South Florida's best neighborhood communities. As a result, the buyer should be able to achieve success leasing the vacant units in a reasonable time frame thereby achieving significant sweat equity and subsequently achieving a double digit return,” says Wolfe.
Brookside Square is located at 10611 Wiles Road. The property is beautifully maintained and situated in a strong demographic area that is shadow anchored by two of the nation's most well respected and successful retailers - Publix and CVS.
Press Contact: Gregory Matus, Regional Manager / Vice President, Ft. Lauderdale, (954) 245-3400
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