Monday, November 24, 2014

$2.4 Million Boca Security Center Sale in Boca Raton, FL Brokered by Marcus & Millichap


Howard Bregman
BOCA RATON, 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 Boca Security Center, a 13,400-square foot retail property located in Boca Raton, Fla. The asset sold for $2,400,000.

Howard Bregman, a senior associate in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a private investor from Boca Raton, Fla and the buyer, a private investor from Vero Beach, Fla.

“This was an ideal opportunity for an investor to acquire a rare, prime east Boca Raton retail asset with long-term tenants, a history of high occupancy levels, existing cash flow and the ability to significantly increase the rental income,” says Bregman.


Situated less than a half mile from the east entrance to Florida Atlantic University and with prime frontage on Boca Raton Boulevard, the shopping center was renovated in 2006.  Its tenants include: Boca Security Center, Irishman Pub, Tom Sawyer and other local retailers.

The center is located just north of Glades Road and south of NW 20th Street at 1739-1819 NW 2nd Avenue in Boca Raton, Fla. 


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

 Ryan Nee
Regional Manager
 Fort Lauderdale, FL
(954) 245-3400

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