Marcus & Millichap Sells University Commons Retail Property In Tamarac For $14.8M

University Commons, an 80,224 sq ft retail property located at 6702 North University Drive in Tamarac, was recently sold for $14.8 million. The property is well-positioned in the market and features strong traffic, with Quince Supermarket as its anchor tenant and CVS Pharmacy as its shadow anchor. The sale price equates to a price per square foot of $184.

Summary of transation details

• Property Type: Retail
• Sale Price: $14,765,000
• Square Footage: 80,224 sq ft
• Market: Tamarac
• Brokers: Kirk Olson & Drew Kristol - Marcus & Millichap

Marcus & Millichap facilitated the transaction, representing both the buyer and the seller. Kirk Olson and Drew Kristol, brokers from Marcus & Millichap, played a key role in the successful sale of University Commons. This deal showcases the expertise and efficiency of the brokerage team in executing a deal of this magnitude.