Private Investor Purchases 149752 SF Property At 5270 Babcock St NE Palm Bay With Seller's Rep Brad Peterson

The property involved in the transaction is a retail center known as Marketplace at Palm Bay, located at 5270 Babcock St NE, Palm Bay, FL. The center comprises a total of 149,752 square feet and is set on nearly 17 acres. It features notable tenants including Winn-Dixie and Bealls Outlet, and is situated in a location that attracts over 47,000 vehicles per day.

Summary of transaction details:

• Property Type: Retail Center
• Transaction Amount: Not disclosed
• Square Footage: 149,752
• Address: 5270 Babcock St NE, Palm Bay, FL
• Market: Palm Bay
• Seller's Representative: Brad Peterson - Colliers International
• Buyer: Private Investor

In this transaction, Brad Peterson from Colliers International, along with Whitaker Leonhardt and Tommy Isola from JLL, represented the seller, DLC Management Corp. The property was listed on the CRE transaction platform Ten-X, highlighting its availability for investment.