Investment sales

West Palm Beach, Fla. — Marcus & Millichap has brokered the $3.5 million sale of an 8,450-square-foot retail property located in West Palm Beach. City Furniture purchased the property, which is adjacent to their existing West Palm Beach store, with plans to expand its footprint and redevelop the site. Built in 1979, the single-tenant retail property sits on less than one acre along Palm Beach Lakes Boulevard. The building was vacant at the time of sale and was previously occupied by Bedding Barn.  Nicholas McAndrew of Marcus & Millichap represented the seller, a private trust, and …

Hollywood, Fla. — Marcus & Millichap has brokered the $4.1 million sale of a 2,800-square-foot retail property located along the Hollywood Beach boardwalk in South Florida’s Broward County. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, a private South Florida-based investment group. The two-tenant retail property is fully leased to Fat Tuesday and Hollywood Beach Trikke, which has operated at the site since 2009.

Miami — Miami-based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and SW. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery …