Fort Lauderdale Fresh Market sells for $6.8M

April 25, 2012 12:45PM

The Fresh Market in Fort Lauderdale has been sold for $6.82 million, according to Marcus & Millichap, which represented the seller, a developer, in the transaction. The sale of the 19,1760-square-foot property represented an average price of $356 per square foot. “This newly-developed, state-of-the-art facility is located in an affluent area of South Florida,” said Lior Regenstreif, a vice president investments and senior director at Marcus & Millichap’s Net Leased Properties Group. The property has a new tenant on a recently- signed 15-year lease. The building is located at 400 North Federal Highway in Fort Lauderdale on a 1.4-acre lot. — Alexander Britell