Alexander Rosemurgy Purchases Development Site In Coconut Creek For $4 Million With Patrick Wagor As The Broker

The property asset involved in this transaction is a development site located at 4868 Coconut Creek Parkway in Coconut Creek. The sale price was $4,000,000, with a total square footage of 47,077 and a price per square foot of $84.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,000,000
• Buyer: Alexander Rosemurgy
• Seller: Gabriel Navarro & Marcos Puente - MMG Equity Partners; Evan Mouhalis & Ryan Mouhalis - Mouhalis Capital Management
• Broker: Patrick Wagor - Atlantic Retail

The sale comprises a fully entitled self-storage pad within the Strada Development. The buyer, Alexander Rosemurgy, will begin construction shortly on a new, five-story Sentry Self Storage facility. The site will complement the nearby Conviva Care Center, with additional developments by Sprouts Farmers Market and Cali Coffee expected to be completed in the first quarter of 2025. Interested parties can reach out to Patrick Wagor regarding the Sprouts or Cali Coffee 20-year net leases.