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

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SOLD
$4,000,000

Florida

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Development Site47,077 SF
Sold 11/29/2024
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Property Image
SOLD

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

4868 Coconut Creek Parkway

See Similar Deals
Development Site47,077 SF
Sold 11/29/2024
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$85
Total Square Footage:47,077 SF
Transaction Type:Sale

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.

Players

Patrick Wagor
Atlantic Retail
Patrick Wagor
6 deals$48.6M volume(561) 427-6151
BROKER

Details

SOLD
IMAGE: Gabriel Navarro, Patrick Wagor, Marcos Puente, Ryan Mouhalis & Evan Mouhalis DATE: 11/29/2024 ADDRESS: 4868 Coconut Creek Parkway MARKET: Coconut Creek ASSET TYPE: Development Site BUYER: Alexander Rosemurgy SELLER: Gabriel Navarro & Marcos Puente - MMG Equity Partners (@MMGEquityPartners) ; Evan Mouhalis (@EvanMouhalis) & Ryan Mouhalis (@RMouhalis) - Mouhalis Capital Management BROKER: Patrick Wagor (@PatrickWagor) - Atlantic Retail (@Atlantic_Retail) SALE PRICE: $4,000,000 SF: 47,077 ~ PPSF: $84 NOTE FROM SELLER: MCM and MMG have completed the sale of a fully entitled self storage pad within their Strada Development in Coconut Creek. The Buyer will begin construction shortly on a new, five story Sentry Self Storage facility. Sentry Self Storage will join the recently delivered Conviva Care Center, with Sprouts Farmers Market and Cali Coffee currently under construction and slated for delivery in 1st Q 2025. Please reach out to Patrick Wagor if any interest in the Sprouts or Cali Coffee 20-year net leases.

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