RMS Properties Acquires 15.2 Acre Retail Property In Fort Lauderdale For $16.8M

A retail property located at 901-1075 West State Road 84 in Fort Lauderdale has been sold for $16,800,000. The property spans an area of 15.2 acres and offers a total square footage of 173,110. The sale price per square foot is $97. The transaction took place on January 27, 2022. The property features various retail spaces, making it an attractive investment opportunity in the Fort Lauderdale market.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $16,800,000
• Address: 901-1075 West State Road 84, Fort Lauderdale
• Square Footage: 173,110
• Price per Square Foot: $97
• Market: Fort Lauderdale

The buyer of the property is RMS Properties, represented by Daniel and Roshan Shoffet. Joseph Scarfone of One Investment Group acted as the buyer's representative in the deal. The seller's representative was Steven Miskew of Southeast Centers. The involvement of these individuals and agencies highlights the expertise and professionalism brought into the transaction, ensuring a smooth and successful sale.