Cleeman Realty Group announced that it has closed the $7.0 million sale of Northcrest Shopping Center, a 55,152–square-foot, Publix-anchored property located in Crestview, Florida within Okaloosa County in the Florida Panhandle.
Michael Cleeman of Cleeman Realty Group represented the seller in the transaction. This is Cleeman’s seventh grocery anchored property in Florida that he has transacted on this year.
Built in 2017, the property is anchored with Publix on a long term lease. Located at 1355 N Ferdon Blvd., the property offers a high visibility corner location and over 25,000 vehicles per day passing in front of the center.
“Grocery anchored centers in Florida are in high demand from investors, especially with Class A tenants on long term leases” said Cleeman.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com