Retail Property in Fort Lauderdale Sells for $3.06 Million
A retail property located at 1100 East Oakland Park Boulevard in Fort Lauderdale, Florida has been sold for $3.06 million.
A retail property located at 1100 East Oakland Park Boulevard in Fort Lauderdale, Florida has been sold for $3.06 million. The property spans 7,724 square feet and was sold on September 8, 2022. The buyer and seller have not been disclosed.
The property is located in a prime location in Fort Lauderdale, with high visibility and easy access to major highways. The area is known for its strong retail market, with a mix of national and local retailers.
The property was marketed by a team of brokers from a local commercial real estate firm. The brokers were able to generate strong interest in the property, resulting in multiple offers and a quick sale.
The sale price of 3.06 million represents a price per square foot of 396. This is in line with recent sales of similar properties in the area, indicating a strong market for retail properties in Fort Lauderdale.
Overall, this sale demonstrates the continued strength of the retail market in Fort Lauderdale, and the value of well-located properties in the area. With its prime location and strong demand for retail space, this property is sure to be a valuable asset for its new owner.