Florida & Gulf Coast + South Florida + Net Lease | April 14, 2021

Marcus & Millichap Arranges $2M Sale of Cannabis Dispensary in Boynton Beach

Marcus & Millichap has brokered the $2.4 million sale of Surterra Wellness | Medical Marijuana Dispensary, a 3,590-square foot net-leased retail property in Boynton Beach.

Surterra Wellness | Medical Marijuana Dispensary is located at 3975 W Boynton Beach Blvd., nearby Boynton Beach’s dense retail area. Nearby national retailers include Target, Walmart Supercenter, BJ’s Wholesale, Dick’s Sporting Goods, Marshall’s, Bed Bath & Beyond, Old Navy, Publix, Best Buy, Red Lobster, Applebee’s, Olive Garden, Chick-fil-A and Burger King.

Barry Wolfe and Alan Lipsky of Marcus & Millichap’s Fort Lauderdale office represented the seller, a regional developer, in the transaction. The buyer, a limited liability company, was also secured and represented by Wolfe and Lipsky.

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Marcus & Millichap’s Wolfe

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.