Palm Beach County, FL Retail Center Hits the Market at $11.1 Million

Addison Court Shoppes, 17940 North Military Trail, Boca Raton, FL

BOCA RATON, FL, Feb. 3, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the exclusive listing to market for sale Addison Court Shoppes, a 20,860-square-foot retail center with a 4,000-square-foot Bank of America outparcel in Boca Raton, Fla. The listing price is $11,165,000.

Douglas K. Mandel

            Douglas K. Mandel, a first vice president investments in Marcus & Millichap’s Fort Lauderdale office, is representing the seller.

            “Addison Court is an upscale shopping plaza anchored by Bank of America, Starbucks and Kee Grill,” says Mandel. “It is located in one of Palm Beach County’s highest annual household income areas.”

            “The property has retail frontage directly on Military Trail and is 100-percent occupied,” adds Mandel. ”The offering is an opportunity to purchase a high-quality asset with strong in-place cash flow in a prime Boca Raton location with high traffic counts and strong demographics.”

The property is located at 17940 North Military Trail just north of Clint Moore Road in Boca Raton, Fla.

Boca Raton is the largest city between West Palm Beach and Pompano Beach in Broward County and Military Trail is one of Palm Beach County’s major north/south thoroughfares. 

The traffic count at the intersection of North Military Trail Clint Moore Road is approximately 35,000 vehicles per day, and the annual household income within a one-mile radius of the property is approximately $130,899.

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

Gina Relva

Public Relations Manager

(925) 953-1716