128,124-SF Sunrise Town Center Sells for $14M

MIAMI-Sunrise Town Center, located in Sunrise, FL and in a fast-growing area of Broward County, has been sold for nearly $14 million, or about $109.03 per sf. DIM VASTGOED NV, a Dutch limited liability company based in Fort Lauderdale purchased the 128,124-sf shopping center from Pebb Enterprises Sunrise Town Center LP, a family-owned and -operated South Florida real estate company, for $13.97 million.

“The Sunrise Town Center offering received significant interest from investors due to its location in a growing submarket, its configuration and its solid tenant base,” Adam Feinstein, a broker involved in the transaction, says in a statement.

The center is located at the northeast corner of University Drive and Oakland Park Boulevard. Anchor tenants at the property include L.A. Fitness and Office Depot. In addition, a Wal-Mart, which was not part of the sale, is located at the property.