SOLD
Marcus & Millichap Sells Centre Shops Retail Space In Longboat Key For $7.5M
5370 Gulf of Mexico Drive
Retail
37,880 SF
37,880 SF
Sold 111 days ago
Summary
Sale
FLORIDA
Retail
37,880 sqft
The Centre Shops at Longboat Key, located in Longboat Key, Florida, has been sold for $7,465,000. This retail property, spanning nearly five acres, offers 37,880 square feet of retail space. It boasts a 95% occupancy rate and is strategically positioned just steps away from the Gulf of Mexico. The sale was facilitated by James Medefind of Marcus & Millichap.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $7,465,000
- Address: 5370 Gulf of Mexico Drive, Longboat Key
- Market: Longboat Key
- Asset Type: Retail
- Acres: 4.67
James Medefind, from Marcus & Millichap, represented the buyer in this transaction. The sale price of $7,465,000 translated to a price per square foot of $197.
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Details
SOLD
IMAGE: James Medefind
DATE: 01/23/2024
ADDRESS: 5370 Gulf of Mexico Drive
MARKET: Longboat Key
ASSET TYPE: Retail ~ ACRES: 4.67
BROKER: James Medefind - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $7,465,000
SF: 37,880 ~ PPSF: $197
NOTE: Centre Shops at Longboat Key, Florida, spanning nearly five acres with 37,880 square feet of retail space, has been sold by Marcus & Millichap for $7,465,000. The property, located in Manatee County, boasts a 95% occupancy rate and is strategically positioned steps away from the Gulf of Mexico.View on map
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Address5370 Gulf of Mexico Drive
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