Marcus & Millichap’s Kirk Olson and Drew A. Kristol represented the seller and original developer; Michael Lapointe and Adam Greenberg of NGKF’s Capital Markets group represented the buyer. CLICK ON THE HEADLINE FOR MORE
The absolute-net ground lease property sits under the new 189,543- square-foot Walmart Supercenter in Fort Lauderdale. CLICK ON THE HEADLINE FOR MORE
The four-story, 21,120-square-foot mixed-use property was originally constructed in 1930. CLICK ON THE HEADLINE FOR MORE
The shopping center included in the package sold for more than $21 million, or $429 per square foot. CLICK ON THE HEADLINE FOR MORE
At close of escrow, the seller signed a new 20-year absolute triple-net lease. CLICK ON THE HEADLINE FOR MORE
Also included in the offering was a 7,500-square foot vacant parking lot zoned RM-3 and currently striped for 22 parking spaces. CLICK ON THE HEADLINE FOR MORE
The site is approved for up to 180,000 square feet of office space and 71,000 square feet of retail. CLICK ON THE HEADLINE FOR MORE
The building operated as a fashion store for Guess. CLICK ON THE HEADLINE FOR MORE
The asset sold for $6,400,000. CLICK ON THE HEADLINE FOR MORE
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