Neighborhood retail plaza near downtown Coral Springs sells for $7.4 million with established restaurant and service tenants
Coral Springs, Florida – A neighborhood retail plaza near downtown Coral Springs has changed hands in a $7.4 million transaction, the commercial real estate firm Marcus and Millichap announced last week. The property, located at 9830-9880 W. Sample Road, is anchored by the popular Wings Plus restaurant and hosts a mix of dental, medical, educational, and service-oriented tenants.
Spanning 1.6 acres, the plaza offers nearly 26,000 square feet of retail space, making it a notable asset in the Coral Springs commercial market. The Geneva Group, which previously owned the property, sold it to DRG Real Estate LLC. Marcus and Millichap represented both the buyer and seller in the transaction, highlighting the strategic appeal of the plaza to investors.
The location of the plaza is a key factor in its value. Situated less than half a mile west of University Drive, one of the city’s main commercial corridors, the property enjoys strong visibility and easy access. Its proximity to downtown Coral Springs also places it near an area undergoing significant growth, with a number of developments underway and others planned, including the Cornerstone project and the upcoming City Village.
“This property presents an excellent opportunity due to its location, tenant mix, and proximity to downtown Coral Springs,” Marcus and Millichap noted in their announcement. The brokerage firm emphasized that the diverse tenants help ensure consistent income and long-term value for the new owner.
Local experts say the sale reflects the city’s growing appeal for retail investment. With new projects in downtown Coral Springs attracting businesses and residents alike, properties such as the Wiles Road plaza are seen as key contributors to the city’s expanding commercial landscape. Investors are drawn to well-located plazas that combine established tenants with potential for future growth.
For DRG Real Estate LLC, acquiring the plaza provides a chance to capitalize on Coral Springs’ ongoing development while maintaining a property with an established customer base. The mix of restaurants, medical services, and educational offerings ensures the plaza remains relevant and useful to the surrounding community, offering everyday conveniences for residents and visitors alike.
As the downtown area continues to evolve, sales like this one signal confidence in Coral Springs’ commercial market. The $7.4 million purchase not only represents the value of the property itself but also underscores optimism about the city’s growth, its thriving business corridors, and the continued interest from investors seeking high-traffic, well-positioned retail assets.
