Arena Shoppes NL, LLC & Lyons Plaza CC, LLC Acquires Retail Property On W. McNab Rd For $31M

An retail property located at 7296 W. McNab Road in North Lauderdale was recently sold and financed. The property spans a total of 130,558 square feet, and it was purchased for a total price of $31,000,000, resulting in a price per square foot of $237.

Summary of transaction details

• Property Type: Retail
• Sale Price: $31,000,000
• Square Footage: 130,558
• Price per Square Foot: $237
• Address: 7296 W. McNab Road, North Lauderdale
• Market: North Lauderdale

The buyers of the property are Arena Shoppes NL, LLC and Lyons Plaza CC, LLC. They were represented in the transaction by Dennis Carson, Casey Rosen, David Donnellan, and Patricia Friend from CBRE. The sellers' brokers were also from CBRE. Paul Ahmed and Mackenzie Lampman, both from CBRE, acted as the mortgage brokers in the deal.

In addition to the sale, the buyers secured a loan amount of $20,770,000. The loan terms are set for 10 years, with a fixed interest rate.