Plantation Shoppes Acquires Retail Property On Sunrise Blvd, Plantation, FL For $10.25M

An undisclosed retail property located at 1818-1860 Sunrise Blvd in Plantation, FL has been sold in a closed transaction. The property, spanning 37,500 square feet, was purchased by Plantation Shoppes from Core Plantation at a sale price of $10,250,000, resulting in a price per square foot of $273. The transaction included 7 acres of land, with 3.2 acres still undeveloped. The purchase equated to a price per acre of $1,464,286. The deal achieved a capitalization rate of 5.67%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,250,000
• Market: Plantation, FL
• Square Footage: 37,500
• Address: 1818-1860 Sunrise Blvd

The transaction was facilitated by Elon Gerberg, Aaron O'Connor, and Douglas Mandel, who represented the buyer, seller, and brokers respectively.