|Gross Leasable Area (GLA)||83,165 Sq.Ft.|
|Price Per Square Foot (GLA)||$60|
|Lot Size||7.88 Acres|
Marcus & Millichap is pleased to have sold Murdock Plaza, a value-add retail investment in Port Charlotte, Florida. The subject property is an 83,165-square foot newly-renovated shopping center located one-half mile from Port Charlotte Town Center on Tamiami Trail. The center is currently 73 percent occupied and anchored by Bingo Trail, Dollar General and a local appliance retailer. Bingo Trail is a family run business that has operated at this center for nearly 15 years, donating a portion of their profits to local charities. The plaza is located adjacent to Kmart near the intersection of Tamiami Trail and Veterans Boulevard, in the heart of the main retail corridor in Port Charlotte. Tamiami Trail has a daily traffic count of more than 68,000 cars per day. Nearby is Port Charlotte Town Center, a Simon-owned regional mall, anchored by Beall’s, Sears, Macy’s, JC Penney and Dillard’s. Other area retailers include Walmart, Lowe’s, Publix, Kohl’s, Kmart, Target, Publix and Walgreens.
First Vice President Investments