Investment sales

Clermont and Winter Haven, Fla. — SRS Real Estate Partners has arranged the $22.9 million sale of two Central Florida 7-Eleven convenience store properties in separate transactions. Both newly constructed properties operate on corporate-guaranteed absolute triple-net leases with scheduled rent increases every five years. The properties include: Patrick Nutt and William Wamble of SRS represented the seller of both properties, a Central Florida-based developer. The assets were sold to different private investors.  

Naples, Fla. — Marcus & Millichap has negotiated the $5 million sale of a single-tenant retail property located in Naples. Situated at 2515 Shadowlawn Drive, the 13,013-square-foot building, which was built in 2004, is occupied by CVS Pharmacy. Eddie Toledo and Jonathan De La Rosa of Marcus & Millichap procured the buyer.

North Miami, Fla. — JLL Capital Markets has arranged the $32.5 million sale of Arena Shops, a 37,135-square-foot retail center located in North Miami. The fully leased property is anchored by Total Wine & More and features a mix of additional tenants such as Chipotle Mexican Grill, T-Mobile and Tatore Miami. Arena Shops is situated adjacent to the $4 billion SoLē Mia mixed-use development. Danny Finkle, Jorge Portela and Jacob Wise of JLL represented the seller, Edens Investment Trust, in the transaction. RK Centers, led by Miami Heat co-owner Raana Katz, …

Hialeah, Fla. — Marcus & Millichap has brokered the $6.3 million sale of 1325 West 49th St., a 13,026-square-foot retail property located in the Miami suburb of Hialeah. Built in 1968, the property includes three retail suites and is fully leased to FirstBank Florida, Papa John’s Pizza and Stanton Optical. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap listed the property on behalf of the seller and procured the buyer in the transaction.