The retail asset involved in the transaction is located at 16602-16660 Sheridan Street, Pembroke Pines. The property has a total area of 64,300 square feet and spans across 4 acres. It was sold for $15,500,000, equating to a price per square foot of $241. The Sheridan Village Center consists of two buildings, with 29,300 square feet of 93% leased retail space and 35,000 square feet of 90% leased self-storage. The property was completed between 2017 and 2018.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,500,000
• Address: 16602-16660 Sheridan Street
• Market: Pembroke Pines
• Asset Size: 64,300 SF
• Price Per SF: $241
• Buyer: Andrew Perkins - Perkins Realty Management
• Seller: Nelson Fernandez - Sheridan Real Estate Group
• Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap

Andrew Perkins, representing Perkins Realty Management, acquired the retail asset from Nelson Fernandez, who was with Sheridan Real Estate Group. The transaction was facilitated by Drew Kristol and Kirk Olson from Marcus & Millichap, who acted as brokers in the deal.