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| Congress Center, Boca Raton, FL |
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| 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,”
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| 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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