Murdock Plaza – Port Charlotte, FL

Murdock Plaza – Port Charlotte, FL

Murdock Plaza – Port Charlotte, FL
1700 Tamiami Trail
Port Charlotte, FL 33948


Cap Rate 8.68%
Gross Leasable Area (GLA) 83,165 Sq.Ft.
Price Per Square Foot (GLA) $60
Year Built 1991
Lot Size 7.88 Acres
  • Newly Renovated Value-Add Neighborhood Center
  • One Quarter Mile from Port Charlotte Regional Mall
  • Over $400,000 Invested in Remodel and Parking Lot
  • 27 Percent Vacancy - 22,500 of 83,000 Square Feet
  • Priced Under $62 Per Square Foot
  • 8.50 Percent Cap on Actual and 13.2 Percent Cap on Pro Forma
  • Near Kmart, Walmart, Staples, Publix, Walgreens and Lowe's
  • Local Management and Leasing Available for New Owner
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Murdock Plaza – Port Charlotte, FL (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.


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.


For More Information, Please Contact:

James Medefind

First Vice President Investments