Marc Schwarzberg acquired 56,904-square-foot fitness center at 1000 N. Federal Highway, Pompano Beach, FL from NNN REIT, Inc. for $18.8 million.
April 10, 2024
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Marc Schwarzberg acquired 56,904-square-foot fitness center at 1000 N. Federal Highway, Pompano Beach, FL from NNN REIT, Inc. (NYSE:NNN) for $18.8 million on April 11, 2024. The price equated to $331 per square foot. City National Bank of Florida provided a $9.41 million mortgage to Marc Schwarzberg. NNN Fitness at Marcus & Millichap acted on behalf of NNN REIT.
Marc Schwarzberg completed the acquisition of 56,904-square-foot fitness center at 1000 N. Federal Highway, Pompano Beach, FL from NNN REIT, Inc. (NYSE:NNN) on April 11, 2024.
NNN REIT, Inc. is a fully integrated real estate investment trust (REIT). The Companyâs assets are primarily real estate assets. It acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment (properties or property portfolio, or individually a property). It owns approximately 3,532 Properties with an aggregate gross leasable area of approximately 35,966,000 square feet, located in 49 states. The Company invests primarily in retail real estate that is located within each local market for its tenant's retail lines of trade. The Companyâs portfolio includes convenience stores; automotive service; restaurants-full service; restaurants-limited service; family entertainment centers; health and fitness; theaters; recreational vehicle dealers, parts, and accessories; equipment rental; automotive parts; wholesale clubs; home improvement; drug stores; travel plazas; and furniture, among others.
NNN REIT, INC. 
