Reported Oct 27, 2026 · Source: CRE-sources
Phillips Edison & Company acquires the 46,034-square-foot Planet Fitness Plaza in Pompano Beach for $16.4 million at a 6.35% cap rate. Vision Real Estate Advisors announced the successful closing of Planet Fitness Plaza, a 46,034-square-foot retail center located at 1400-1450 S. Powerline Road in Pompano Beach. Source: CRE-sources.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at CRE-sources. What the article says:
Phillips Edison & Company acquires the 46,034-square-foot Planet Fitness Plaza in Pompano Beach for $16.4 million at a 6.35% cap rate.
Vision Real Estate Advisors announced the successful closing of Planet Fitness Plaza, a 46,034-square-foot retail center located at 1400-1450 S. Powerline Road in Pompano Beach.
The property was acquired by Phillips Edison & Company from an entity controlled by Michael Cosculluela and Dan Marzano.
Property: Planet Fitness Plaza Location: 1400-1450 S. Powerline Road, Pompano Beach, FL Asset Type: Fitness-anchored retail center Transaction Type: Sale Buyer: Phillips Edison & Company Seller: Entity controlled by Michael Cosculluela and Dan Marzano Size: 46,034 SF on 5.34 acres Price: $16.4 million Price Per SF: Approximately $356 Cap Rate: 6.35% Anchor Tenant: Planet Fitness (recent 10-year lease extension) Brokers: Vision Real Estate Advisors represented both parties; Elon Gerberg and Adam H. Klein, Managing Directors Other Notable Details: Approximately 450 feet of Powerline Road frontage; less than one mile from The Pomp redevelopment.
Representing both the seller and the buyer in the transaction, the firm achieved a sale price of $16,400,000, or approximately $356 per square foot, at a 6.35% cap rate.
Article date: 2026-10-28T19:39:18+00:00
All Fort Lauderdale / Broward County deals · More retail deals in Miami · Miami (South Florida): this week and archive
Compiled from public sources; details can differ between sources. Always verify with the linked source.