ORLANDO-Grocery-anchored shopping centers are a hot commodity, but a recent sale in Orlando’s Sanford suburb shows that investors are willing to acquire non-grocery-anchored properties in strategic locations. Case in point: Town Center Plaza just traded for $4.95 million, according to public records.

Plaza Advisors co-managing partners Anthony Blanco and Jim Michalak, together with senior associate Lenard Williams, brokered the deal on behalf of the seller, a private partnership entity. The buyer was a private investment group based in North Miami.

“The property was on the market for about 30 days when we called for offers,” Blanco tells GlobeSt.com. “Although it is not a grocery-anchored center, we received a very strong interest due to the property’s irreplaceable location adjacent to a major mall and the low price per square foot.”