Three-N Development LLC sold the Sample Road Plaza to DECO Inn, Inc. as a triple-net investment. The property traded for $2.82 million, or about $138 per square foot. The property was 93 percent occupied at the time of the sale.
The 20,327-square-foot retail strip center was built in 1976 on nine-tenths of an acre. The property is located in the heart of the Sample Road Retail corridor at 9739 - 9801 W. Sample Rd. in Coral Springs, FL. It features almost 300 feet of frontage along Sample Road in the Outlying Broward County submarket of South Florida.
Barry Wolfe with Marcus & Millichap represented the seller, while Julio Pavone represented the buyer.
For additional information on this transaction, please see CoStar COMPS #2307355.