Southwood Outlets. Picture courtesy of Marcus & Millichap
Southern Administration & Growth has offered Southwood Outlets, a 107,697-square-foot grocery-anchored retail heart in Bradenton, Fla. Institutional Property Advisors, a division of Marcus & Millichap, brokered the $12.1 million transaction.
The brokerage agency additionally procured the client, Handle Options. In keeping with CommercialEdge, the property final modified fingers 27 years in the past.
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Anchored by a Winn-Dixie retailer, which has been working on the property for greater than 40 years, the buying heart is at the moment absolutely leased. Premier Nursing Academy, Preferrred Barber Provide, Distinctive Market Place and Worth Furnishings are additionally a part of the tenant roster.
In-built 1981 on a 5-acre website, Southwood Outlets is positioned at 5838 14th St. W., on the intersection of 14th Avenue and 57th Avenue, being uncovered to a every day site visitors of 54,000 automobiles. The presence of First Horizon Financial institution, Truist Financial institution and a Chevron gasoline station within the neighborhood attracts extra site visitors to the property, in accordance with IPA.
