Press Releases
Marcus & Millichap Brokers $15.5 Million Sale of Retail and Self-Storage Asset in Broward County
July 09, 2025
PEMBROKE PINES, Fla., July 9, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Sheridan Village Center, a 64,311 square foot mixed use retail and self-storage property located in Pembroke Pines, Florida. The asset traded for $15.5 million.
“Sheridan Village Center sits within a wealthy section of Pembroke Pines and has a great tenant mix along with a rare self-storage component,” said Drew A. Kristol, Senior Managing Director of Investments in Marcus & Millichap’s Miami office. “The buyer was also attracted to the quality construction and upside in rents for both the retail and self-storage tenants.”
Kristol, along with Kirk D. Olson, Gabriel Coe, Nathan Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Miami and Columbus offices, exclusively marketed the property on behalf of the seller, Sheridan Real Estate Group LLC, and procured the buyer, Perkins Realty Management LLC.
Located at 16602–16660 Sheridan St., the center sits on nearly four acres in western Broward County just west of Interstate 75 and south of Weston. Built in two phases between 2016 and 2018, the property consists of 29,331 square feet of retail space and a 35,000-square-foot self-storage facility with 419 units, operated as Sheridan Village Self Storage.
The ground floor retail is 93 percent occupied and includes tenants such as Memorial Healthcare System, Dunkin’, and Momo Relaxation. The self-storage component spans two upper floors above the eastern retail strip and offers climate-controlled units, elevator access, and 24/7 video surveillance.
“Sheridan Village Center sits within a wealthy section of Pembroke Pines and has a great tenant mix along with a rare self-storage component,” said Drew A. Kristol, Senior Managing Director of Investments in Marcus & Millichap’s Miami office. “The buyer was also attracted to the quality construction and upside in rents for both the retail and self-storage tenants.”
Kristol, along with Kirk D. Olson, Gabriel Coe, Nathan Coe and Brett Hatcher, investment specialists in Marcus & Millichap’s Miami and Columbus offices, exclusively marketed the property on behalf of the seller, Sheridan Real Estate Group LLC, and procured the buyer, Perkins Realty Management LLC.
Located at 16602–16660 Sheridan St., the center sits on nearly four acres in western Broward County just west of Interstate 75 and south of Weston. Built in two phases between 2016 and 2018, the property consists of 29,331 square feet of retail space and a 35,000-square-foot self-storage facility with 419 units, operated as Sheridan Village Self Storage.
The ground floor retail is 93 percent occupied and includes tenants such as Memorial Healthcare System, Dunkin’, and Momo Relaxation. The self-storage component spans two upper floors above the eastern retail strip and offers climate-controlled units, elevator access, and 24/7 video surveillance.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
