Boca Gas Co. Acquires Retail Property On 2.2 Acres In Coconut Creek For $10.4M

The property involved in this transaction is a retail asset located at 6350 N State Road 7 and 6330 US-331 South in Coconut Creek. The property spans across 2.2 acres and has a total area of 94,090 square feet. The sale took place on September 1, 2021, and the property was acquired by Boca Gas Co. The transaction was facilitated by brokers Michael Salafia, Gabriel Britti, Ricardo Esteves, and Ronnie Issenberg from Marcus & Millichap. The sale price for the property was $10,400,000, resulting in a price per square foot of $111.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,400,000
• Address: 6350 N State Road 7 & 6330 US-331 South, Coconut Creek
• Market: Coconut Creek
• Acres: 2.2
• Buyer: Boca Gas Co.
• Brokers: Michael Salafia, Gabriel Britti, Ricardo Esteves, and Ronnie Issenberg - Marcus & Millichap

The transaction involved key individuals such as Michael Salafia, Gabriel Britti, Ricardo Esteves, and Ronnie Issenberg from Marcus & Millichap, who represented the buyer, Boca Gas Co. The acquisition marked a significant investment for the buyer in the Coconut Creek market, with the property offering a total area of 94,090 square feet and an attractive price per square foot of $111.