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The Real Deal Miami

Brookside Square sells for $2.4M

October 27, 2011 09:40AM

The 21,200-square-foot Brookside Square shopping center in Coral Springs
has been sold for $2.42 million, according to Marcus & Millichap’s
Gregory Matus, regional manager at the firm’s Fort Lauderdale office.
The seller, an individual trust, was represented by Marcus &
Millichap’s Barry Wolfe, who also represented the buyer, an undisclosed
limited liability company. The property is located at 10611 Wiles Road,
and is anchored by a Publix supermarket. “The buyer should be able to
achieve success leasing the vacant units in a reasonable timeframe,
thereby achieving significant sweat equity and subsequently achieving a
double-digit return,” Wolfe said. — Alexander