
Marcus & Millichap Arranges $14.8M Sale of University Commons in Tamarac
Marcus & Millichap has announced the sale of University Commons, an 80,224-square-foot retail property located in Tamarac, FL. The asset sold for $14,765,000.
“University Commons is a well-located shopping center in the heart of Broward County with traffic counts exceeding 80,000 vehicles per day, and over seven acres of land,” commented Kirk Olson, senior vice president. “Quince Supermarket has achieved impressive growth since opening in 2020. Seventy-five percent of the remaining tenants in the center have been in operation for more than five years with the opening of a 9,000-square-foot tenant, YOLO BBQ later this year, further increasing traffic to the center.”
Olson and Drew A. Kristol, executive managing director, had the exclusive listing to market the property on behalf of the seller, a Miami-based private investment group. The buyer, a private investor out of New York, was also secured and represented by Kristol and Olson.
- ◦Sale/Acquisition