Todd Nepola Acquires Village Plaza Retail Center In Margate For $11.3 Million From Rob Kodsi

The property asset involved in the transaction is a retail center located at 1360 North State Road 7 in Margate. The asset is priced at $11,300,000 and encompasses a total area of 65,050 square feet, resulting in a price per square foot of $173.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,300,000
• Square Footage: 65,050
• Address: 1360 North State Road 7
• Market: Margate
• Buyer: Todd Nepola
• Seller: Rob Kodsi
• Broker Representatives: Elon Gerberg & Adam H. Klein - Vision Real Estate Advisors
• Cap Rate: Sub-5%

This transaction marks the first time the property has been marketed for sale in over 30 years. Vision Real Estate Advisors successfully generated over 250 registered buyers and received formal offers from more than 10 qualified groups. The competitive marketing campaign emphasized the asset’s tenant roster and surrounding redevelopment projects, contributing to the deal's successful outcome.