Local Private Investor Acquires Promenade Of Coral Springs Mixed-Use Property For $11.94M

The property involved in this transaction is a mixed-use asset located at 1999 North University Drive in Coral Springs, Florida. The transaction was completed for a total of $11,940,000. The property encompasses 58,446 square feet, translating to a price per square foot of $204. It features Class A office suites, multi-tenant retail space, and includes a long-standing Miller’s Ale House outparcel.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $11,940,000
• Square Footage: 58,446
• Price Per Square Foot: $204
• Address: 1999 North University Drive
• Market: Coral Springs

The transaction was brokered by Alex Zylberglait and Michael Crocchiola of Marcus & Millichap, representing a local private investor as the buyer of the property, the Promenade of Coral Springs.