The transaction involved the sale of a retail strip center known as Vero Beach Square, located at 5125 20th Street in Vero Beach. The property spans a total of 11,480 square feet and was fully leased to tenants, including Dunkin’, Jersey Mike’s, Tropical Smoothie Café, and Corporate Elite Hearing Centers of America. The sale price was established at $6,200,000, reflecting a price per square foot of $540.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,200,000
• Address: 5125 20th Street
• Market: Vero Beach
• Seller: Ross Realty
• Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap
• Square Footage: 11,480
• Price Per Square Foot: $540

Marcus & Millichap facilitated this transaction, with Drew Kristol and Kirk Olson representing both the seller, Ross Realty of Davie, Florida, and the buyer, a private investment group based in California.