MIAMI, Florida—November 7, 2019—Lee & Associates South Florida, the largest broker-owned national commercial real estate firm in North America, proudly announces the sale of a retail shopping center located at 12109 Sheridan Street in Cooper City, Florida for $9.5MM, closing in less than 90 days.

The Shoppes of Cooper City is positioned on nearly 5 acres and consists of 35,129 square feet of leasable area over three buildings. The center currently offers 21 inline retail units ranging from 820 square feet to 3,864 square feet. At 89% occupancy at the time of sale and all operating under triple-net leases, the property includes several long-term tenants such as Dunkin Donuts, New Castle Realty, and Northwestern Management.

Victor Pastor, Principal, Lee & Associates South Florida

Lee & Associates South Florida Principal, Victor Pastor, represented the seller Shoppes at Cooper City Investments, LLC, and John Cohane of Cohane Realty Advisors represented the buyer, Shoppes of Cooper City AP, LLC. The new buyer plans on adding value to the site through leasing vacant spaces, stabilizing rents, and making improvements to the site to bring it up to date.

About Lee & Associates | South Florida

Lee & Associates | South Florida is a full service commercial real estate brokerage firm providing the highest level of service to South Florida’s diverse industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, a 4th generation Miami native in a family that has owned and operated commercial property in the South Florida market since 1928. Our bilingual culture allows for open communications throughout the company, fostering collaboration and information sharing. In addition, the Lee & Associates’ robust national network that sold and leased over $15 Billion in commercial real estate in 2018 offers clients a cross-market platform of services and expertise across all asset specialties and representation roles.

About Lee & Associates

Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.