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1818-1860 Sunrise Boulevard
SOLD

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

1818-1860 Sunrise Boulevard

Retail
37,500 SF
clock iconSold 1 year ago
Aaron O'Connor
Elon Gerberg
Douglas (Doug) Mandel
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Summary

Sale
FLORIDA
Retail
37,500 sqft

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.

Players

  • All

    5

  • Agents

    3

  • Agencies

    2

Aaron O'Connor's profile picture
Aaron O'Connor
Marcus & Millichap-image
First Vice President Investments
$55.9M Sold
Elon Gerberg's profile picture

Details

Deal Summary
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SOLD
IMAGE: Aaron O'Connor, Douglas Mandel & Elon Gerberg DATE: 04/20/2021 ADDRESS: 1818-1860 Sunrise Blvd MARKET: Plantation, FL ASSET TYPE: Retail BUYER: Plantation Shoppes SELLER: Core Plantation BROKERS: Elon Gerberg, Aaron O'Connor & Douglas Mandel SALE PRICE: $10,250,000 SF: 37,500 ~ PPSF: $273 ACRES: 7 ~ PPA: $1,464,286 (3.2 acres of undeveloped land. 7-acres total) CAP RATE: 5.67%

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Address1818-1860 Sunrise Boulevard

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