Franklin Street’s Adam Tiktin, Greg Matus Broker Sale Of Shopping Center For $13.58 Million

Franklin Street has arranged the sale of Promenade Shoppes, a 39,650-square-foot shopping center at 7910 West McNab Rd. in North Lauderdale.

Zenix Properties, LLC, led by Roberto Alberro, acquired the site from Arena North Lauderdale Shoppes, LLC for $13,575,000.

Adam J. Tiktin and Greg Matus of Franklin Street’s Florida Investment Sales Team represented the seller in this transaction. The deal closed on Sept. 27.  They were able to procure the buyer for $395,000 over list price.

Built in 2018, the shopping center is fully occupied with 17 tenants, including SunSouth Health Center, T-Mobile, Cricket Wireless and Sarku Japan, with several other strong regional tenants that service the surrounding area and its residents.

Promenade Shoppes is situated on 4.46 acres at the signalized intersection of West McNab Road and Avon Lane, with traffic counts exceeding 47,000 vehicles per day. The property also benefits greatly from the robust customer base drawn in by the neighboring Walmart, Burger King, Mattress Firm, AutoZone and Spin Car Wash, as well as its close proximity to the Florida Turnpike.

 

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