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| Sunrise Plaza, 6105-6145 Sunrise Boulevard, Sunrise, FL |
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| Drew A. Kristol |
SUNRISE, 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 Sunrise Plaza, a 21,488
square-foot shopping strip located in Sunrise, FL. The asset sold for
$5,050,000 representing $235 per square foot.
Drew A. Kristol and Kirk D. Olson, Vice
President Investments in Marcus & Millichap’s Miami office, had the
exclusive listing to market the property on behalf of the seller, a limited
liability company from Deerfield Beach, FL.
The buyer, a private investor from Miami, was also secured and
represented by Kristol and Olson.
“This was a rare opportunity for an investor to purchase a
cash-flowing strip center with two corporate guaranteed ground leases, Burger
King and Walgreens. In addition, the strip center’s 1,200 square foot corner
bay is vacant, allowing for upside upon lease-up,” says Kristol.
The offering included a free-standing Walgreens pharmacy, a
Burger King and a small three-tenant strip center currently occupied by Subway
and a coin laundry tenant. Situated on
the northwest corner of West Sunrise Boulevard and Sunset Strip, Sunrise Plaza
is located at 6105-6145 Sunrise Boulevard in Sunrise, FL.
For a complete
copy of the company’s news release, please contact:
Kirk A. Felici
First Vice President/Regional Manager, Miami
(786) 522-7000
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