The 49,000-sf, grocery store-anchored center is located on Tamiami Trail (Southwest 8th Street) between Southwest 128th Court and Southwest 129th Place. The center currently is 100% leased to such tenants as Exito Nuevo, the local grocery store, Discount Auto Parts and Papa John's pizza shop.
The property was listed on June 23 and the deal closed Oct. 8. Brymer says he has closed a number of deals in the area with low cap rates in the 7% range.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.