Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street Arranges Acquisition of South Florida Shopping Center for $6.3M

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The 24,623sf retail property includes an outparcel ground-leased by McDonald’s

BROWARD COUNTY, FL (July 12, 2021) – Franklin Street has arranged the acquisition of Davie Plaza, a 24,623-square-foot shopping center located in the heart of Davie, a submarket of Broward County. The 1970s property is 100% occupied by a diverse mix of service-based tenants and includes an outparcel with a ground lease by McDonald’s.  

Franklin Street’s Greg Matus and Jonathan De Maa, of the firm’s South Florida Investment Sales Team, represented a local private investor in acquiring the property for $6.3 million. The seller was Davie Investments, LLC.

At 7110-7162 Stirling Road, Davie Plaza enjoys excellent visibility on the hard corner of Stirling Road and Davie Road, and is surrounded by neighboring retail plazas as well as several multifamily development projects.

“Davie Plaza benefits from having a diverse mix of service and restaurant tenants, along with national brands such as McDonald’s and Boost Mobile,” said Matus. “Further, the new apartments currently being developed in the area will help drive additional foot traffic to the property in the future, making it an excellent long-term investment.”

About Franklin Street:

Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With more than $5 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide.  Headquartered in Tampa, Fla., the company has offices in Fort Lauderdale, Jacksonville, Miami, Orlando and Atlanta. Learn more about Franklin Street at FranklinSt.com.

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