1301 Lyons, LLC Purchases Lyons Plaza Retail Center In Coconut Creek For $11.9M

The property involved in the transaction is a single-story, multi-tenant retail shopping center known as Lyons Plaza. Located at 1509 Lyons Rd, Coconut Creek, FL, the asset spans 80,361 square feet and includes two freestanding outparcel buildings. The sale price for the property was $11,900,000.00. Lyons Plaza was 91 percent leased at the time of the transaction, hosting 27 retail tenants including Conviva Care Center (Humana) and Goldcoast Ballroom.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,900,000.00
• Seller's Representative: Patricia Friend(CBRE)
• Buyer: 1301 Lyons, LLC
• Asset Size: 80,361 square feet
• Buyer's Entity Managers: Steven Hudson and Charles Ladd
• Seller's Entity Managers: Alberto Dayan

David Donnellan and Patricia Friend, representing CBRE, facilitated the sale of Lyons Plaza. The buyer, 1301 Lyons, LLC, is a Florida-based entity managed by Steven Hudson and Charles Ladd. On the seller's side, Lyons Plaza Coconut Creek, LLC, a Florida-based entity managed by Alberto Dayan, was represented in the transaction. The property is situated in a densely populated, middle-income trade area in Coconut Creek/Margate, offering significant upside potential with current rent rates below market value.