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| Walgreens/Woodmont Shoppes, Tamarac, FL |
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| Marc E. Strauss |
TAMARAC, 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 Walgreens/Woodmont Shoppes, a
35,892-square foot retail property located in Tamarac, Fla, according to Ryan
Nee, regional manager of the firm’s Fort Lauderdale office.
The asset sold for
$6,450,000 equating to $180 per square foot.
Marc E. Strauss,
a first vice president investments, in Marcus & Millichap’s Fort Lauderdale
office, and Al Palacios, a senior
associate, in Marcus & Millichap’s Miami office, had the exclusive listing
to market the property on behalf of the seller, a private investor from
Hollywood, Fla and the buyer, an individual/personal trust from North Miami
Beach, Fla, was secured and represented by Strauss
and Aaron O'Connor, an associate.
Built in 1992 on a 4.18
acre lot, Walgreens/Woodmont Shoppes consists of two parcels located in the
same center. Walgreens occupies
approximately 42 percent of the overall leasable space, the remaining space is
occupied by five tenants and an available 2,500-square foot bay.
Walgreens/Woodmont Shoppes
benefits from its 325 feet of frontage to North University Drive. The property
is located on a signalized hard corner of the intersection with Northwest 82nd
Street at 8197 North University Drive.
For a complete copy of the company’s news release,
please contact:
Ryan Nee
Vice President / Regional
Manager
Fort Lauderdale, FL
(954) 245-3400
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