Longpoint Realty Partners Acquires Retail Center In Miramar For $34 Million With Lawrence Oxenberg As Buyer's Rep

The property asset involved in this transaction is a retail shopping center located at 3102-3300 University Drive in Miramar, featuring a total area of 14.23 acres. The sale was finalized for a price of $34,000,000. The shopping center encompasses 159,628 square feet of space, resulting in a price per square foot of $212. It is notably anchored by Presidente Supermarket and includes multiple outparcels along with a second-story office component, which caters to a diverse range of retail and professional needs. An additional 10,000-square-foot retail section was recently completed to enhance the site's offerings within a prominent retail corridor in Broward County.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,000,000
• Buyer: Longpoint Realty Partners
• Seller: The Faith Group & Jeffery Perlow
• Buyer's Representative: Lawrence Oxenberg - Berger Commercial Realty
• Seller's Representative: Julian Huzenman - FIP Realty Services
• Market: Miramar
• Acreage: 14.23
• Square Footage: 159,628
• Price Per Square Foot: $212

The key individuals involved in this transaction include Lawrence Oxenberg, representing Longpoint Realty Partners as the buyer's representative through Berger Commercial Realty, and Julian Huzenman, representing The Faith Group & Jeffery Perlow as the seller's representative from FIP Realty Services. Their roles were crucial in facilitating the successful completion of the transaction.