April 17, 2023 – Charles Moody and Corey Kingsbury of Horvath & Tremblay have successfully completed the sale of the Cooper City Plaza in Cooper City, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $5,450,000.
The Cooper City Plaza is located at 11050 Griffin Road in Cooper City, Florida. The four-suite plaza is 100% occupied and is improved with Cali Coffee (8+ years remaining), Marco’s Pizza (9+ years remaining) Saira Fernandez, DDS (10 years remaining) and Orthopedic & Sports Medicine (7+ years remaining) and contains 9,232 square feet on a 2-acre parcel of land. All four tenants have attractive scheduled rent increases throughout their primary lease terms and their renewal options. The Cooper City Plaza is well positioned along Griffin Road (FL Route 818), the area’s primary east-west commercial and commuter corridor. The Property benefits from outstanding visibility and frontage and is ideally located in between a Walmart Supercenter (0.9-miles west) and Pine Lake Plaza, a Publix anchored Shopping Center (1-mile east). The Cooper City Plaza is offers convenient access to Interstates 75 and 595, the Florida Turnpike, and US Highway 441. The area is home to numerous national tenants, and several high-density planned residential communities drawing significant traffic to the area and providing a built-in customer base. The Property is also just 4-miles from Nova Southeastern University and the HCA Florida University Hospital.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.