Boca Gas Co Acquires Retail Property In Coconut Creek For $10.4M

The retail property located at 6330 & 6350 North State Road 7 in Coconut Creek, Florida, has been sold for $10.4 million. Spanning 94,090 square feet on 2.2 acres, the property consists of two buildings housing a Shell Station, Daily’s Convenience store, and a Firestone Complete Auto Care Center. Situated in a prime location, the property is surrounded by various retailers, including BJs, Publix, Walmart Supercenter, Kohl’s, Starbucks, and Chick-fil-A.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,400,000.00
• Seller's Representative: Ricardo Esteves (Marcus & Millichap)
• Buyer: Boca Gas Co
• Square Footage: 94,090
• Tenants: Shell Station, Daily’s Convenience store, Firestone Complete Auto Care Center
• Property Address: 6330 & 6350 North State Road 7, Coconut Creek, FL

The deal was facilitated by a team from Marcus & Millichap, including Michael Salafia, Gabriel Britti, Ricardo Esteves, and Ronnie Issenberg. The seller, a publicly traded REIT, was represented by these individuals who also successfully secured the buyer, Boca Gas Co. The sale of this prominent retail property highlights the expertise and negotiation skills of the real estate professionals involved in the transaction.