SOLD
Plantation Shoppes Acquires Retail Property On Sunrise Blvd, Plantation, FL For $10.25M
1818-1860 Sunrise Boulevard
Retail
37,500 SF
37,500 SF
Summary
Sale
FLORIDA
Retail
37,500 sqft
An undisclosed retail property located at 1818-1860 Sunrise Blvd in Plantation, FL has been sold in a closed transaction. The property, spanning 37,500 square feet, was purchased by Plantation Shoppes from Core Plantation at a sale price of $10,250,000, resulting in a price per square foot of $273. The transaction included 7 acres of land, with 3.2 acres still undeveloped. The purchase equated to a price per acre of $1,464,286. The deal achieved a capitalization rate of 5.67%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,250,000
- Market: Plantation, FL
- Square Footage: 37,500
- Address: 1818-1860 Sunrise Blvd
The transaction was facilitated by Elon Gerberg, Aaron O'Connor, and Douglas Mandel, who represented the buyer, seller, and brokers respectively.
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Details
SOLD
IMAGE: Aaron O'Connor, Douglas Mandel & Elon Gerberg
DATE: 04/20/2021
ADDRESS: 1818-1860 Sunrise Blvd
MARKET: Plantation, FL
ASSET TYPE: Retail
BUYER: Plantation Shoppes
SELLER: Core Plantation
BROKERS: Elon Gerberg, Aaron O'Connor & Douglas Mandel
SALE PRICE: $10,250,000
SF: 37,500 ~ PPSF: $273
ACRES: 7 ~ PPA: $1,464,286 (3.2 acres of undeveloped land. 7-acres total)
CAP RATE: 5.67%View on map
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Address1818-1860 Sunrise Boulevard
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