Stablewood Properties Acquires 11,700 Square Feet Retail Center In Sunrise From Konover South For $5.7M

The transaction involves a retail center known as West Commercial Landings, located at 9400-9440 West Commercial Boulevard in the Sunrise market. The property was sold for a total of $5,700,000 and encompasses 11,700 square feet, translating to a price per square foot of $487. At the time of the sale, the retail center was 87% leased.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,700,000
• Address: 9400-9440 West Commercial Boulevard
• Market: Sunrise
• Square Footage: 11,700
• Price Per Square Foot: $487
• Buyer: Stablewood Properties
• Seller: Konover South
• Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap

Drew Kristol and Kirk Olson were the brokers representing the seller, Konover South, in this transaction, facilitating the sale to the buyer, Stablewood Properties. Marcus & Millichap played a key role in brokeraging the deal.