California Investor Acquires $15 Million Retail Portfolio In Texas And Florida With NX3 Commercial Group

The transaction involved the sale of retail properties located at 1049 Lyons Road, 120 East Loop 281, and 222 West Grand Parkway South in the markets of Coconut Creek, Florida; Longview, Texas; and Katy, Texas. The sale amounted to $15,000,000, facilitating a 1031 exchange for a repeat California-based investor. The acquired net lease assets include Fogo de Chão, Longview Regional Emergency Center, and Cali Coffee, set in higher-growth, tax-friendly markets.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,000,000
• Address: 1049 Lyons Road, 120 East Loop 281 & 222 West Grand Parkway South
• Market: Coconut Creek, FL; Longview & Katy, TX
• Brokers: Josh Ferrito & Matt Wister - NX3 Commercial Group

NX3 Commercial Group facilitated the transaction, assisting the investor in shifting capital into long-term, passive investments. The firm arranged the deal, focusing on net lease properties in advantageous markets.