Marcus & Millichap Brokers $15.9 Million Sale of Shopping Center in South Daytona, Florida

South Daytona, Fla. — Marcus & Millichap has brokered the $15.9 million sale of Sunshine Plaza, a shopping center in South Daytona. Built in 1970 and renovated in 2002, the 280,000-square-foot shopping center is anchored by Publix and All Aboard Storage. The fully occupied property has about 52 tenants. The center includes both open-air and indoor mall space on approximately 25 acres. Tim Giambrone and Al Taf of Marcus & Millichap represented the seller, 2400 Ridgewood LLC based in Port Orange. The buyer was ORF VII Sunshine Plaza LLC based in Atlanta. Located at 2400 S. Ridgewood Ave., Sunshine Plaza is situated close to Interstate 95 within an Opportunity Zone.

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