MHCommercial Real Estate Fund II Expands Space Coast Retail Portfolio With Merritt Island Acquisition
The 109,000-square-foot anchored retail center traded for $16,050,000.
The 109,000-square-foot anchored retail center traded for $16,050,000.
The property boasts a 92.3% occupancy rate.
Jay Ziv, Michael Fay, John Crotty, David Duckworth, Brian de la Fé and Greg Morrison of Avison Young marketed and brokered the sale on behalf of the seller.
The property is one of the largest vacant land sites positioned within one hour from each of the Orlando and Tampa Central Business Districts.
The transaction was arranged on the Ten-X auction platform.
The sale was facilitated using the Ten-X auction platform and represented a joint-effort between Avison Young’s Orlando and South Florida offices.
Exclusive listing agent Avison Young is targeting developers of high-density, mixed-use rental residential, timeshare/fractional ownership residential, hotel units, event space, retail, and restaurant amenities. CLICK ON THE HEADLINE FOR MORE
AY’s Florida Capital Markets Group represented the seller and secured a foreign buyer for the 96 percent leased shopping plaza. CLICK ON THE HEADLINE FOR MORE
Avison Young exclusively represented the owner in the sale of the property to South Florida-based Geneva Group. CLICK ON THE HEADLINE FOR MORE
The property has experienced no turnover since 2010. CLICK ON THE HEADLINE FOR MORE
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