 |
| Alan Lipsky |
CORAL SPRINGS,
Fl, June 8, 2015 – 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 Sample
Row, a 90,552-square foot retail property located in Coral Springs, Fla.
The asset sold for $9,800,000.
Douglas K. Mandel, a first vice president investments, Barry M. Wolfe, a vice president
investments, and Alan Lipsky, an
associate, in Marcus & Millichap’s Fort Lauderdale office, had the
exclusive listing to market the property on behalf of the seller, a private
investor from Miami Beach, Fla.
The
buyer was a limited liability company from North Miami.
“The sale is
reflective of the strong recovery of Broward County’s retail market. The
property received strong interest from both local, out of area, and
international investors.
“The
ultimate purchaser is based overseas and was attracted to the property as a
long-term hold with an immediate opportunity to add value,” says Wolfe. “We have seen tremendous recent demand for
retail assets; in just the last few months, we have sold more than 500,000
square feet of retail properties.”
 |
| Barry M. Wolfe |
Sample Row
was built in 2001 and consists of three one-story buildings on 4.35 acres. The plaza is home to retailers that include
several dominant home goods stores, medical providers, and professional tenants
such as DaVita Dialysis, a Fortune 500 company.
National
retailers in the area include Bank of America, Lowe’s, Walgreens, Publix and a
Walmart.
Located at 7355 West Sample Road in Coral Springs, Fla., the property
is centrally located within easy access of upscale residential areas and within
proximity of the Sawgrass Expressway and the Florida Turnpike..
For a complete copy of the company’s
news release, please contact:
Ryan Nee
Regional
Manager
Fort
Lauderdale, FL
(954)
245-3400
No comments:
Post a Comment