Marcus & Millichap Brokers $12 Million Sale Of Mixed-Use Office, Retail Portfolio In Coral Springs
The property includes 58,446 square feet of rentable space across two buildings on 5.23 acres.
The property includes 58,446 square feet of rentable space across two buildings on 5.23 acres.
The site spans six parcels and is one of the last remaining sites of this size allowing for large-scale development in the Edgewater area.
Vice President Bradley Arendt, Executive Vice President Mika Mattingly and Associate Jonathan Papeika of the Colliers South Florida Urban Core Division represented the seller in the transaction. Ryan Shaw of Marcus & Millichap represented the buyer.
He will oversee daily brokerage operations, including recruiting, hiring, training and developing agents and staff.
IPA’s Kirk Olson and Drew A. Kristol represented the seller and procured the buyer.
The brokers will split time between the firm’s Miami and Deerfield Beach offices.
A private investor purchased the Class B property for more than $230 per square foot.
M&M’s Michael Alaoui had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Zach Levine, Douglas Mandel and Josh Gilbert, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The fully occupied property features a 25,000-square-foot building on a 2.1-acre lot.
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