Press Releases
Marcus & Millichap Arranges $6.85 Million Sale of Retail Strip in Broward County
August 25, 2025
DAVIE, Fla., Aug. 25, 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 Davie Plaza, a 22,517-square-foot retail strip in Davie, Florida, for $6,850,000.
“Davie Plaza sits on a high-traffic hard corner in a dense and growing Davie commercial corridor,” said Drew A. Kristol, senior managing director of investments in Marcus & Millichap’s Miami office. “The property has multiple short-term, below-market leases within the center and benefits from the additional traffic generated by the McDonald’s outparcel on the corner in front of the property.”
Kristol, along with Kirk D. Olson, senior managing director investments, represented the seller Davie Plaza Group LLC, a local South Florida investor.
Davie Plaza is located at 7110–7162 Stirling Road, positioned at the signalized intersection of Stirling Road and Davie Road Extension, which sees more than 71,000 vehicles per day. Built in 1969, the center sits on 2.04 acres and comprises local tenants including Davie Supermarket, Cloud 9 Bar & Grille, and Davie Dry Clean. Recent renovations include exterior repainting, new awnings and partial roof replacement. While McDonald’s was not included in the sale, the adjacent location contributes additional foot traffic to the center.
“Davie Plaza sits on a high-traffic hard corner in a dense and growing Davie commercial corridor,” said Drew A. Kristol, senior managing director of investments in Marcus & Millichap’s Miami office. “The property has multiple short-term, below-market leases within the center and benefits from the additional traffic generated by the McDonald’s outparcel on the corner in front of the property.”
Kristol, along with Kirk D. Olson, senior managing director investments, represented the seller Davie Plaza Group LLC, a local South Florida investor.
Davie Plaza is located at 7110–7162 Stirling Road, positioned at the signalized intersection of Stirling Road and Davie Road Extension, which sees more than 71,000 vehicles per day. Built in 1969, the center sits on 2.04 acres and comprises local tenants including Davie Supermarket, Cloud 9 Bar & Grille, and Davie Dry Clean. Recent renovations include exterior repainting, new awnings and partial roof replacement. While McDonald’s was not included in the sale, the adjacent location contributes additional foot traffic to the center.
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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.
