Marcus & Millichap arranged the sale of the 70,040-square-foot Paradise Shoppes at Navarre in Navarre, Fla. 

The value of the transaction was $11.5 million.

A Florida-based developer sold the property to a West Palm Beach investor.

The newly developed Paradise Shoppes at Navarre is located at 8244 Navarre Parkway. The property was constructed in 2003 on 10 acres.

At the time of sale, tenants in the fully occupied center included Publix, Radio Shack, Hungry Howies and Firehouse Subs.

Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage.


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