 |
| Tri-City Plaza, 5995 West Sunrise Boulevard, Sunrise, FL |
 |
| Marc E. Strauss |
SUNRISE, FL, April 2, 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 Tri
City Plaza, a 47,390 square-foot shopping strip located in Sunrise, FL. The
asset sold for $6,500,000.
Marc E. Strauss, a first vice president investments,
and Richard Moravek, an associate, in Marcus & Millichap’s Ft.
Lauderdale office, had the exclusive listing to market the property on behalf
of the seller, a local limited liability company.
“We are seeing more investors target inland retail
properties, such as those in Sunrise, as the housing recovery and job growth
lessen the perceived risks.
"The 1031
exchange buyer was attracted to Tri City Plaza because the center is
grocery-anchored. The IGA Neighbors supermarket is doing really well with over
$402 per square foot in store sales,” says Moravek.
 |
| Richard Moravek |
The center is occupied by 13 tenants including: Family
Dollar, IGA Neighborhood Market, Metro PCS, Rainbow and others. Tri City Plaza
is located at the signalized intersection of West Sunrise Boulevard and Sunset
Strip at 5995 West Sunrise Boulevard in Sunrise, FL.
For a complete copy of the company’s news release, please
contact:
Ryan Nee
Regional Manager
Ft. Lauderdale, FL
(954) 245-3400
No comments:
Post a Comment