Roger Massell Acquires Retail Asset In Coconut Creek From Marcos Puente And Investors For $14.2M

The property asset involved in the transaction is a retail space located at 1019 Lyons Road in Coconut Creek. The retail asset encompasses a total square footage of 23,256 and was sold for a price of $14,200,000, translating to a price per square foot of $610.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,200,000
• Buyer: Roger Massell
• Seller: Marcos Puente, Evan Mouhalis, Gabriel Navarro & Ryan Mouhalis
• Broker: Patrick Wagor - Atlantic Retail
• Lease: New 20-year, net leased Sprouts

This transaction features key individuals, with Roger Massell as the buyer while the sellers are a group consisting of Marcos Puente, Evan Mouhalis, Gabriel Navarro, and Ryan Mouhalis. The deal was facilitated by broker Patrick Wagor, representing Atlantic Retail, and highlights a recent development by MCM and MMG that is now leased to a private investor.